OAKLEA, SAND LANE, OSGODBY, MARKET RASEN, LN8 3TE - £390,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

OAKLEA is a large extended detached house of 170m², built sometime between 1950 and 1966, which could now be worth an estimated £556,487. It was last sold for £390,000 in October 2007, which was around 91% above the average October 2007 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2010, where the current energy rating was E, and the potential energy rating was D.

OAKLEA Sold Prices

Land registry data shows two sales for OAKLEA 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 OAKLEA 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
2007 2 OCT	£390,000	£204,020	91% above HPI
2005 13 SEP	£249,950	£182,477	37% above HPI

OAKLEA 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 OAKLEA sales from September 2005 and October 2007 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 2005 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the October 2007 sale, where it rises to 91% above the HPI. The line then continues to track at 91% above the HPI.

What might OAKLEA be worth now?

OAKLEA might now be worth an estimated £556,487.

This is based on house price inflation of 42.7%, between October 2007 and February 2025, 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 42.7% inflationary increase is applied to the most recent sale price for OAKLEA of £390,000 on 2nd October 2007. For the value to have increased from £390,000 to £556,487 over the eighteen years and eight months to February 2025, the following assumptions must hold true:

• The value of OAKLEA has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2007 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of OAKLEA has not materially changed since October 2007.

How Large is OAKLEA?

OAKLEA is 170m², which includes two extensions, according to the EPC inspection conducted in February 2010. This puts it in the largest 30% of detached houses houses in Osgodby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Osgodby, and where OAKLEA lies on this distribution: 71% of detached houses houses are smaller than OAKLEA, and 29% of houses are larger. Note that EPC data is not available for all properties in Osgodby.

OAKLEA: Plot and Title Map

OAKLEA sits on a plot of roughly 1.2 acres, or 4,894m². The below map shows the location of OAKLEA, 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 OAKLEA). 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 OAKLEA?

OAKLEA is located on SAND LANE in OSGODBY, in the LN8 postcode district. The below map shows the position of OAKLEA on SAND LANE.