HAWTHORN HOUSE, LAMMAS LEAS ROAD, MARKET RASEN, LN8 3AP - £275,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

HAWTHORN HOUSE is a very large extended detached house of 227m², built sometime between 1976 and 1982, which could now be worth an estimated £318,800. It was last sold for £275,000 in February 2021, which was around 10% above the average February 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was C.

HAWTHORN HOUSE Sold Prices

Land registry data shows two sales for HAWTHORN HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two HAWTHORN HOUSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 15 FEB	£275,000	£251,118	10% above HPI
2002 23 AUG	£170,000	£111,204	53% above HPI

HAWTHORN HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two HAWTHORN HOUSE sales from August 2002 and February 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the August 2002 sale was for 53% above the HPI. So the extrapolation line tracks at 53% above the HPI over time, until the February 2021 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might HAWTHORN HOUSE be worth now?

HAWTHORN HOUSE might now be worth an estimated £318,800.

This is based on house price inflation of 15.9%, between February 2021 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.9% inflationary increase is applied to the most recent sale price for HAWTHORN HOUSE of £275,000 on 15th February 2021. For the value to have increased from £275,000 to £318,800 over the four years to February 2025, the following assumptions must hold true:

• The value of HAWTHORN HOUSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The February 2021 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of HAWTHORN HOUSE has not materially changed since February 2021.

How Large is HAWTHORN HOUSE?

HAWTHORN HOUSE is 227m², which includes two extensions, according to the EPC inspection conducted in August 2018. This puts it in the largest 10% of detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Rasen, and where HAWTHORN HOUSE lies on this distribution: 98% of detached houses houses are smaller than HAWTHORN HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

HAWTHORN HOUSE: Plot and Title Map

HAWTHORN HOUSE sits on a plot of roughly 0.219 of an acre, or 887m². The below map shows the location of HAWTHORN HOUSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of HAWTHORN HOUSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is HAWTHORN HOUSE?

HAWTHORN HOUSE is located on LAMMAS LEAS ROAD in MARKET RASEN, in the LN8 postcode district. The below map shows the position of HAWTHORN HOUSE on LAMMAS LEAS ROAD.