JESMOND, KILNWELL ROAD, MARKET RASEN, LN8 3BJ - £155,000

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

JESMOND is a very small extended detached house of 78m², built sometime between 1996 and 2002, which could now be worth an estimated £215,000. It was last sold for £155,000 in August 2016, which was around 25% below the average August 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

JESMOND Sold Prices

Land registry data shows two sales for JESMOND 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 JESMOND 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
2016 5 AUG	£155,000	£205,407	25% below HPI
2007 17 SEP	£132,500	£205,944	36% below HPI

JESMOND 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 JESMOND sales from September 2007 and August 2016 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 September 2007 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the August 2016 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might JESMOND be worth now?

JESMOND might now be worth an estimated £215,000.

This is based on house price inflation of 38.7%, between August 2016 and December 2024, 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 38.7% inflationary increase is applied to the most recent sale price for JESMOND of £155,000 on 5th August 2016. For the value to have increased from £155,000 to £215,000 over the seven years and eight months to December 2024, the following assumptions must hold true:

• The value of JESMOND has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2016 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of JESMOND has not materially changed since August 2016.

How Large is JESMOND?

JESMOND is 78m², which includes one extension, according to the EPC inspection conducted in September 2012. This puts it in the smallest 20% 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 JESMOND lies on this distribution: 16% of detached houses houses are smaller than JESMOND, and 84% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

JESMOND: Plot and Title Map

JESMOND sits on a plot of roughly 0.064 of an acre, or 261m². The below map shows the location of JESMOND, 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 JESMOND). 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 JESMOND?

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