LEMON TREE HOUSE, OLD GALLAMORE LANE, MIDDLE RASEN, MARKET RASEN, LN8 3US - £449,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

LEMON TREE HOUSE is a very large detached house of 221m². It was last sold for £449,000 in March 2020, which was around 99% above the average March 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2019, where the current energy rating was B, and the potential energy rating was A.

LEMON TREE HOUSE Sold Prices

Land registry data shows two sales for LEMON TREE 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 West Lindsey local authority area for the corresponding sale date. One of the two LEMON TREE HOUSE sales was for above the average price, whilst the other was 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 MAR	£449,000	£225,880	99% above HPI
2018 17 JAN	£70,000	£219,568	68% below HPI

LEMON TREE HOUSE 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 LEMON TREE HOUSE sales from January 2018 and March 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 2018 sale was for 68% below the HPI. So the extrapolation line tracks at 68% below the HPI over time, until the March 2020 sale, where it rises to 99% above the HPI. The line then continues to track at 99% above the HPI.

How Large is LEMON TREE HOUSE?

LEMON TREE HOUSE is 221m² according to the EPC inspection conducted in June 2019. This puts it in the largest 10% of detached houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Middle Rasen, and where LEMON TREE HOUSE lies on this distribution: 98% of detached houses are smaller than LEMON TREE HOUSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

LEMON TREE HOUSE: Plot and Title Map

LEMON TREE HOUSE sits on a plot of roughly 0.140 of an acre, or 565m². The below map shows the location of LEMON TREE 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 LEMON TREE 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 LEMON TREE HOUSE?

LEMON TREE HOUSE is located on OLD GALLAMORE LANE in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of LEMON TREE HOUSE on OLD GALLAMORE LANE.