MYLO, GAINSBOROUGH ROAD, MIDDLE RASEN, MARKET RASEN, LN8 3JR - £180,000

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

MYLO is a small detached house of 85m², built sometime between 1950 and 1966. It was last sold for £180,000 in June 2014, which was around 2% below the average June 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was C.

MYLO Sold Prices

Land registry data shows three sales for MYLO 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. Two of the three MYLO sales were for below the average price, whilst one was 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
2014 17 JUN	£180,000	£184,269	2% below HPI
2005 8 JUL	£205,000	£180,986	13% above HPI
1997 25 FEB	£62,000	£64,228	3% below HPI

MYLO 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 MYLO sales between February 1997 and June 2014 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 July 2005 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the June 2014 sale, where it falls to 2% below the HPI. The line then continues to track at 2% below the HPI.

How Large is MYLO?

MYLO is 85m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 30% of detached houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Middle Rasen, and where MYLO lies on this distribution: 21% of detached houses are smaller than MYLO, and 78% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

MYLO: Plot and Title Map

MYLO sits on a plot of roughly 0.473 of an acre, or 1,914m². The below map shows the location of MYLO, 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 MYLO). 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 MYLO?

MYLO is located on GAINSBOROUGH ROAD in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of MYLO on GAINSBOROUGH ROAD.