KINGSMEAD, MIDDLE STREET, NORTH KELSEY, MARKET RASEN, LN7 6EH - £137,500

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.

KINGSMEAD is a very small extended detached house of 77m², built sometime between 1967 and 1975, which could now be worth an estimated £167,792. It was last sold for £137,500 in November 2020, which was around 42% below the average November 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2020, where the current energy rating was E, and the potential energy rating was C.

KINGSMEAD Sold Prices

Land registry data shows four sales for KINGSMEAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four KINGSMEAD 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
2020 20 NOV	£137,500	£238,558	42% below HPI
2016 21 JAN	£125,000	£202,700	38% below HPI
2000 23 JUN	£60,000	£75,165	20% below HPI
1998 6 MAR	£50,000	£68,142	27% below HPI

KINGSMEAD 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 four KINGSMEAD sales between March 1998 and November 2020 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 January 2016 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2020 sale, where it falls to 42% below the HPI. The line then continues to track at 42% below the HPI.

What might KINGSMEAD be worth now?

KINGSMEAD might now be worth an estimated £167,792.

This is based on house price inflation of 22%, between November 2020 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 22% inflationary increase is applied to the most recent sale price for KINGSMEAD of £137,500 on 20th November 2020. For the value to have increased from £137,500 to £167,792 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of KINGSMEAD has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The November 2020 sale price of £137,500 represented a fair market value for the property.
• The size, condition, and specification of KINGSMEAD has not materially changed since November 2020.

How Large is KINGSMEAD?

KINGSMEAD is 77m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the smallest 20% of detached houses houses in North Kelsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Kelsey, and where KINGSMEAD lies on this distribution: 15% of detached houses houses are smaller than KINGSMEAD, and 84% of houses are larger. Note that EPC data is not available for all properties in North Kelsey.

KINGSMEAD: Plot and Title Map

KINGSMEAD sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of KINGSMEAD, 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 KINGSMEAD). 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 KINGSMEAD?

KINGSMEAD is located on MIDDLE STREET in NORTH KELSEY, in the LN7 postcode district. The below map shows the position of KINGSMEAD on MIDDLE STREET.