LANCASTER HOUSE, MAGNA MILE, LUDFORD, MARKET RASEN, LN8 6AD - £150,000

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.

LANCASTER HOUSE is a small detached house of 84m², built sometime between 1930 and 1949, which could now be worth an estimated £196,531. It was last sold for £150,000 in June 2019, which was around 31% below the average June 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2017, where the current energy rating was E, and the potential energy rating was C.

LANCASTER HOUSE Sold Prices

Land registry data shows two sales for LANCASTER HOUSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two LANCASTER HOUSE 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
2019 28 JUN	£150,000	£218,478	31% below HPI
2007 20 APR	£173,000	£189,158	9% below HPI

LANCASTER HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two LANCASTER HOUSE sales from April 2007 and June 2019 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 April 2007 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the June 2019 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might LANCASTER HOUSE be worth now?

LANCASTER HOUSE might now be worth an estimated £196,531.

This is based on house price inflation of 31%, between June 2019 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31% inflationary increase is applied to the most recent sale price for LANCASTER HOUSE of £150,000 on 28th June 2019. For the value to have increased from £150,000 to £196,531 over the six years and four months to February 2025, the following assumptions must hold true:

• The value of LANCASTER HOUSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2019 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of LANCASTER HOUSE has not materially changed since June 2019.

How Large is LANCASTER HOUSE?

LANCASTER HOUSE is 84m² according to the EPC inspection conducted in February 2017. This puts it in the smallest 30% of detached houses houses in Ludford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ludford, and where LANCASTER HOUSE lies on this distribution: 26% of detached houses houses are smaller than LANCASTER HOUSE, and 72% of houses are larger. Note that EPC data is not available for all properties in Ludford.

LANCASTER HOUSE: Plot and Title Map

LANCASTER HOUSE sits on a plot of roughly 0.128 of an acre, or 517m². The below map shows the location of LANCASTER HOUSE, 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 LANCASTER HOUSE). 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 LANCASTER HOUSE?

LANCASTER HOUSE is located on MAGNA MILE in LUDFORD, in the LN8 postcode district. The below map shows the position of LANCASTER HOUSE on MAGNA MILE.