HOLMLEIGH, LEGSBY ROAD, MARKET RASEN, LN8 3DZ - £260,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

HOLMLEIGH is a large detached house of 128m², built sometime between 1950 and 1966, which could now be worth an estimated £329,087. It was last sold for £260,000 in August 2018, which was around 13% above the average August 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

HOLMLEIGH Sold Prices

Land registry data shows two sales for HOLMLEIGH 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 HOLMLEIGH 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
2018 15 AUG	£260,000	£229,999	13% above HPI
2006 12 JUL	£225,000	£177,101	27% above HPI

HOLMLEIGH 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 HOLMLEIGH sales from July 2006 and August 2018 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 July 2006 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the August 2018 sale, where it falls to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might HOLMLEIGH be worth now?

HOLMLEIGH might now be worth an estimated £329,087.

This is based on house price inflation of 26.6%, between August 2018 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 26.6% inflationary increase is applied to the most recent sale price for HOLMLEIGH of £260,000 on 15th August 2018. For the value to have increased from £260,000 to £329,087 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of HOLMLEIGH has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2018 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of HOLMLEIGH has not materially changed since August 2018.

How Large is HOLMLEIGH?

HOLMLEIGH is 128m² according to the EPC inspection conducted in September 2017. This puts it in the largest 30% 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 HOLMLEIGH lies on this distribution: 72% of detached houses houses are smaller than HOLMLEIGH, and 27% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

HOLMLEIGH: Plot and Title Map

HOLMLEIGH sits on a plot of roughly 0.177 of an acre, or 716m². The below map shows the location of HOLMLEIGH, 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 HOLMLEIGH). 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 HOLMLEIGH?

HOLMLEIGH is located on LEGSBY ROAD in MARKET RASEN, in the LN8 postcode district. The below map shows the position of HOLMLEIGH on LEGSBY ROAD.