JALNA, LEGSBY ROAD, MARKET RASEN, LN8 3DZ - £170,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

JALNA is a very small detached house of 74m², built sometime between 1950 and 1966. It was last sold for £170,000 in October 2011, which was around 5% below the average October 2011 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was D.

JALNA Sold Prices

Land registry data shows three sales for JALNA 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. One of the three JALNA sales was for below the average price, whilst two 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
2011 27 OCT	£170,000	£178,275	5% below HPI
2006 17 MAY	£185,000	£175,413	5% above HPI
1999 23 SEP	£78,000	£71,226	10% above HPI

JALNA 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 JALNA sales between September 1999 and October 2011 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 May 2006 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the October 2011 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is JALNA?

JALNA is 74m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 20% of detached houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where JALNA lies on this distribution: 14% of detached houses are smaller than JALNA, and 86% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

JALNA: Plot and Title Map

JALNA sits on a plot of roughly 0.240 of an acre, or 970m². The below map shows the location of JALNA, 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 JALNA). 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 JALNA?

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