LYNDALE, LEGSBY ROAD, MARKET RASEN, LN8 3DY - £385,000

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

LYNDALE is a very large extended detached house of 149m², built sometime between 1996 and 2002. It was last sold for £385,000 in June 2022, which was around 38% above the average June 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2022, where the current energy rating was C, and the potential energy rating was B.

LYNDALE Sold Prices

Land registry data shows two sales for LYNDALE 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 LYNDALE 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
2022 16 JUN	£385,000	£279,524	38% above HPI
2015 26 NOV	£160,000	£195,548	18% below HPI

LYNDALE 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 LYNDALE sales from November 2015 and June 2022 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 November 2015 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2022 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is LYNDALE?

LYNDALE is 149m², which includes one extension, according to the EPC inspection conducted in February 2022. 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 LYNDALE lies on this distribution: 83% of detached houses are smaller than LYNDALE, and 17% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

LYNDALE: Plot and Title Map

LYNDALE sits on a plot of roughly 0.114 of an acre, or 462m². The below map shows the location of LYNDALE, 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 LYNDALE). 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 LYNDALE?

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