NORWICH HOUSE, PASTURE LANE, MARKET RASEN, LN8 3DT - £208,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

NORWICH HOUSE is a small detached house of 87m², built sometime before 1900. It was last sold for £208,000 in September 2022, which was around 27% below the average September 2022 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.

NORWICH HOUSE Sold Prices

Land registry data shows two sales for NORWICH 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 NORWICH HOUSE 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
2022 30 SEP	£208,000	£284,219	27% below HPI
2017 26 APR	£116,500	£211,935	45% below HPI

NORWICH 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 NORWICH HOUSE sales from April 2017 and September 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 April 2017 sale was for 45% below the HPI. So the extrapolation line tracks at 45% below the HPI over time, until the September 2022 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is NORWICH HOUSE?

NORWICH HOUSE is 87m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 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 NORWICH HOUSE lies on this distribution: 23% of detached houses are smaller than NORWICH HOUSE, and 76% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

NORWICH HOUSE: Plot and Title Map

NORWICH HOUSE sits on a plot of roughly 0.032 of an acre, or 129m². The below map shows the location of NORWICH 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 NORWICH 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 NORWICH HOUSE?

NORWICH HOUSE is located on PASTURE LANE in MARKET RASEN, in the LN8 postcode district. The below map shows the position of NORWICH HOUSE on PASTURE LANE.