LIME HOUSE, WALESBY ROAD, MARKET RASEN, LN8 3EY - £379,950

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

LIME HOUSE is a very large extended detached house of 202m², built sometime between 1983 and 1990. It was last sold for £379,950 in October 2020, which was around 63% above the average October 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was C.

LIME HOUSE Sold Prices

Land registry data shows three sales for LIME HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three LIME HOUSE sales were for above 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 26 OCT	£379,950	£233,330	63% above HPI
2009 15 DEC	£329,950	£177,240	86% above HPI
1998 21 AUG	£172,000	£71,439	141% above HPI

LIME 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 three LIME HOUSE sales between August 1998 and October 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 December 2009 sale was for 86% above the HPI. So the extrapolation line tracks at 86% above the HPI over time, until the October 2020 sale, where it falls to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is LIME HOUSE?

LIME HOUSE is 202m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 10% 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 LIME HOUSE lies on this distribution: 95% of detached houses are smaller than LIME HOUSE, and 5% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

LIME HOUSE: Plot and Title Map

LIME HOUSE sits on a plot of roughly 0.497 of an acre, or 2,013m². The below map shows the location of LIME 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 LIME 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 LIME HOUSE?

LIME HOUSE is located on WALESBY ROAD in MARKET RASEN, in the LN8 postcode district. The below map shows the position of LIME HOUSE on WALESBY ROAD.