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

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

MARLIN is a large detached house of 135m², built sometime between 1976 and 1982. It was last sold for £148,000 in May 2015, which was around 21% 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. The four MARLIN sales were a mix of below the average price, and roughly equal to 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	£186,674	21% below HPI
2014 2 SEP	£148,000	£185,261	20% below HPI
2006 21 NOV	£187,500	£187,160	Close to HPI
2005 12 SEP	£180,000	£179,860	Close to 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2015 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

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 in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where MARLIN lies on this distribution: 77% of detached 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.