ORCHARD HOUSE, CHURCH STREET, MIDDLE RASEN, MARKET RASEN, LN8 3TR - £155,000

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

ORCHARD HOUSE is a large extended detached house of 128m², built sometime between 1900 and 1929. It was last sold for £155,000 in February 2020, which was around 31% below the average February 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2019, where the current energy rating was E, and the potential energy rating was B.

ORCHARD HOUSE Sold Prices

Land registry data shows three sales for ORCHARD HOUSE 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. All of the three ORCHARD 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
2020 21 FEB	£155,000	£226,032	31% below HPI
1999 30 NOV	£58,000	£73,324	21% below HPI
1997 31 JAN	£49,000	£63,349	23% below HPI

ORCHARD 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 three ORCHARD HOUSE sales between January 1997 and February 2020 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 November 1999 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2020 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is ORCHARD HOUSE?

ORCHARD HOUSE is 128m², which includes one extension, according to the EPC inspection conducted in October 2019. This puts it in the largest 40% 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 ORCHARD HOUSE lies on this distribution: 63% of detached houses are smaller than ORCHARD HOUSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

ORCHARD HOUSE: Plot and Title Map

ORCHARD HOUSE sits on a plot of roughly 0.102 of an acre, or 415m². The below map shows the location of ORCHARD 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 ORCHARD 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 ORCHARD HOUSE?

ORCHARD HOUSE is located on CHURCH STREET in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of ORCHARD HOUSE on CHURCH STREET.