LANGHAM, WILLINGHAM ROAD, MARKET RASEN, LN8 3DN - £178,000

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

LANGHAM is a very large detached house of 153m², built sometime between 1950 and 1966. It was last sold for £178,000 in May 2015, which was around 5% below the average May 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2013, where the current energy rating was C, and the potential energy rating was B.

LANGHAM Sold Prices

Land registry data shows two sales for LANGHAM 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 LANGHAM 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
2015 22 MAY	£178,000	£186,674	5% below HPI
1998 18 DEC	£60,000	£67,556	11% below HPI

LANGHAM 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 LANGHAM sales from December 1998 and May 2015 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 December 1998 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the May 2015 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is LANGHAM?

LANGHAM is 153m² according to the EPC inspection conducted in October 2013. This puts it in the largest 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 LANGHAM lies on this distribution: 85% of detached houses are smaller than LANGHAM, and 15% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

LANGHAM: Plot and Title Map

LANGHAM sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of LANGHAM, 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 LANGHAM). 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 LANGHAM?

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