MULBERRY HOUSE, OLD GALLAMORE LANE, MIDDLE RASEN, MARKET RASEN, LN8 3US - £575,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MULBERRY HOUSE is a very large detached house of 233m². It was last sold for £575,000 in November 2022, which was around 98% above the average November 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2018, where the current energy rating was B, and the potential energy rating was B.

MULBERRY HOUSE Sold Prices

Land registry data shows two sales for MULBERRY 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. Both of the two MULBERRY 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
2022 2 NOV	£575,000	£290,017	98% above HPI
2018 18 MAY	£500,000	£223,747	123% above HPI

MULBERRY 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 MULBERRY HOUSE sales from May 2018 and November 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 May 2018 sale was for 123% above the HPI. So the extrapolation line tracks at 123% above the HPI over time, until the November 2022 sale, where it falls to 98% above the HPI. The line then continues to track at 98% above the HPI.

What might MULBERRY HOUSE be worth now?

MULBERRY HOUSE might now be worth an estimated £564,892.

This is based on house price deflation of 1.8%, between November 2022 and December 2024, 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 1.8% deflationary decrease is applied to the most recent sale price for MULBERRY HOUSE of £575,000 on 2nd November 2022. For the value to have decreased from £575,000 to £564,892 over the one year and eleven months to December 2024, the following assumptions must hold true:

• The value of MULBERRY HOUSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The November 2022 sale price of £575,000 represented a fair market value for the property.
• The size, condition, and specification of MULBERRY HOUSE has not materially changed since November 2022.

How Large is MULBERRY HOUSE?

MULBERRY HOUSE is 233m² according to the EPC inspection conducted in January 2018. This puts it in the largest 10% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where MULBERRY HOUSE lies on this distribution: 99% of detached houses houses are smaller than MULBERRY HOUSE, and 1% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

MULBERRY HOUSE: Plot and Title Map

MULBERRY HOUSE sits on a plot of roughly 0.236 of an acre, or 956m². The below map shows the location of MULBERRY 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 MULBERRY 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 MULBERRY HOUSE?

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