HOLLY HOME, CHURCH STREET, MIDDLE RASEN, MARKET RASEN, LN8 3TR - £190,000

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.

HOLLY HOME is a very small extended detached house of 75m², built sometime between 1930 and 1949, which could now be worth an estimated £191,178. It was last sold for £190,000 in November 2023, which was around 34% below the average November 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

HOLLY HOME Sold Prices

Land registry data shows two sales for HOLLY HOME 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 HOLLY HOME sales were for below 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
2023 10 NOV	£190,000	£289,320	34% below HPI
1999 6 AUG	£62,500	£70,022	11% below HPI

HOLLY HOME 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 HOLLY HOME sales from August 1999 and November 2023 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 1999 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the November 2023 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might HOLLY HOME be worth now?

HOLLY HOME might now be worth an estimated £191,178.

This is based on house price inflation of 0.6%, between November 2023 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 0.6% inflationary increase is applied to the most recent sale price for HOLLY HOME of £190,000 on 10th November 2023. For the value to have increased from £190,000 to £191,178 over the two years and nine months to February 2025, the following assumptions must hold true:

• The value of HOLLY HOME has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The November 2023 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of HOLLY HOME has not materially changed since November 2023.

How Large is HOLLY HOME?

HOLLY HOME is 75m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 10% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where HOLLY HOME lies on this distribution: 9% of detached houses houses are smaller than HOLLY HOME, and 91% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

HOLLY HOME: Plot and Title Map

HOLLY HOME sits on a plot of roughly 0.433 of an acre, or 1,751m². The below map shows the location of HOLLY HOME, 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 HOLLY HOME). 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 HOLLY HOME?

HOLLY HOME is located on CHURCH STREET in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of HOLLY HOME on CHURCH STREET.