HOMEDALE, WELL STREET, BISHOP NORTON, MARKET RASEN, LN8 2AZ - £450,000

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.

HOMEDALE is a midsized extended detached house of 179m², built sometime before 1900, which could now be worth an estimated £472,209. It was last sold for £450,000 in March 2022, which was around 62% above the average March 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2014, where the current energy rating was C, and the potential energy rating was B.

HOMEDALE Sold Prices

Land registry data shows three sales for HOMEDALE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three HOMEDALE 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
2022 4 MAR	£450,000	£277,422	62% above HPI
2015 26 JUN	£325,000	£190,932	70% above HPI
2011 28 FEB	£250,000	£177,664	41% above HPI

HOMEDALE 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 three HOMEDALE sales between February 2011 and March 2022 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 June 2015 sale was for 70% above the HPI. So the extrapolation line tracks at 70% above the HPI over time, until the March 2022 sale, where it falls to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might HOMEDALE be worth now?

HOMEDALE might now be worth an estimated £472,209.

This is based on house price inflation of 4.9%, between March 2022 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 4.9% inflationary increase is applied to the most recent sale price for HOMEDALE of £450,000 on 4th March 2022. For the value to have increased from £450,000 to £472,209 over the three years and one month to February 2025, the following assumptions must hold true:

• The value of HOMEDALE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The March 2022 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of HOMEDALE has not materially changed since March 2022.

How Large is HOMEDALE?

HOMEDALE is 179m², which includes two extensions, according to the EPC inspection conducted in July 2014. This puts it in the smallest 50% of detached houses houses in Bishop Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bishop Norton, and where HOMEDALE lies on this distribution: 48% of detached houses houses are smaller than HOMEDALE, and 52% of houses are larger. Note that EPC data is not available for all properties in Bishop Norton.

HOMEDALE: Plot and Title Map

HOMEDALE sits on a plot of roughly 234.5 acres, or 949,045m². The below map shows the location of HOMEDALE, 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 HOMEDALE). 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 HOMEDALE?

HOMEDALE is located on WELL STREET in BISHOP NORTON, in the LN8 postcode district. The below map shows the position of HOMEDALE on WELL STREET.