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

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

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 1st 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).

DatePriceHPI PriceVariation from HPI
2022
30 SEP
£208,000£284,219
down arrow
27% below HPI
2017
26 APR
£116,500£211,935
down arrow
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.

NORWICH HOUSE, PASTURE LANE, MARKET RASEN, LN8 3DT: Price paid vs HM Land Registry's House Price Index

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, PASTURE LANE, MARKET RASEN, LN8 3DT: Size of property relative to detached houses 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.

NORWICH HOUSE, PASTURE LANE, MARKET RASEN, LN8 3DT: Plot and title map

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.

NORWICH HOUSE, PASTURE LANE, MARKET RASEN, LN8 3DT: Location map and indicative extent of plot

All sales of detached houses on PASTURE LANE

NORWICH HOUSE, PASTURE LANE, MARKET RASEN, LN8 3DT
2022
30 SEP
£208,000
NORWICH HOUSE, PASTURE LANE, MARKET RASEN, LN8 3DT
2017
26 APR
£116,500
WESTWAYS, PASTURE LANE, MARKET RASEN, LN8 3DT
2012
16 JAN
£142,950
KELVIN, PASTURE LANE, MARKET RASEN, LN8 3DT
2001
2 NOV
£59,950
MOUNT ASH, PASTURE LANE, MARKET RASEN, LN8 3DT
1999
7 MAY
£95,000
KELVIN, PASTURE LANE, MARKET RASEN, LN8 3DT
1996
29 NOV
£45,000
Source: HM Land Registry Price Paid Data
Licence: Contains HM Land Registry data © Crown copyright and database right 2024. This data is licensed under the Open Government Licence v3.0.
Source: HM Land Registry UK House Price Index
Licence: Contains HM Land Registry data © Crown copyright and database right 2024. This data is licensed under the Open Government Licence v3.0.
Copyright statement: This information is subject to Crown copyright and database rights 2024 and is reproduced with the permission of HM Land Registry. The polygons (including the associated geometry, namely x, y co-ordinates) are subject to Crown copyright and database rights 2024 Ordnance Survey 100026316. Conditions of use.