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

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

JESMOND is a very small extended detached house of 78m², built sometime between 1996 and 2002. It was last sold for £155,000 in August 2016, which was around 23% 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	£202,460	23% below HPI
2007 17 SEP	£132,500	£202,990	35% 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 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the August 2016 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

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 in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where JESMOND lies on this distribution: 16% of detached 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.