MARLIN, VICTORIA ROAD, MARKET RASEN, LN8 3ER - £148,000

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.

MARLIN is a large detached house of 135m², built sometime between 1976 and 1982, which could now be worth an estimated £227,492. It was last sold for £148,000 in May 2015, which was around 22% below the average May 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

MARLIN Sold Prices

Land registry data shows four sales for MARLIN since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four MARLIN 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 1 MAY	£148,000	£189,391	22% below HPI
2014 2 SEP	£148,000	£187,958	21% below HPI
2006 21 NOV	£187,500	£189,884	1% below HPI
2005 12 SEP	£180,000	£182,477	1% below HPI

MARLIN 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 four MARLIN sales between September 2005 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 September 2014 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the May 2015 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might MARLIN be worth now?

MARLIN might now be worth an estimated £227,492.

This is based on house price inflation of 53.7%, between May 2015 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 53.7% inflationary increase is applied to the most recent sale price for MARLIN of £148,000 on 1st May 2015. For the value to have increased from £148,000 to £227,492 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of MARLIN has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2015 sale price of £148,000 represented a fair market value for the property.
• The size, condition, and specification of MARLIN has not materially changed since May 2015.

How Large is MARLIN?

MARLIN is 135m² according to the EPC inspection conducted in September 2014. This puts it in the largest 30% of detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Rasen, and where MARLIN lies on this distribution: 78% of detached houses houses are smaller than MARLIN, and 22% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

MARLIN: Plot and Title Map

MARLIN sits on a plot of roughly 0.214 of an acre, or 865m². The below map shows the location of MARLIN, 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 MARLIN). 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 MARLIN?

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