PEAR TREE, GAINSBOROUGH ROAD, MIDDLE RASEN, MARKET RASEN, LN8 3JS - £240,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

PEAR TREE is a very small detached house of 69m², built sometime from 2007 onwards, which could now be worth an estimated £306,018. It was last sold for £240,000 in December 2017, which was around 7% above the average December 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2017, where the current energy rating was C, and the potential energy rating was B.

PEAR TREE Sold Prices

Land registry data shows two sales for PEAR TREE 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 PEAR TREE 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
2017 11 DEC	£240,000	£223,453	7% above HPI
2007 21 NOV	£217,500	£208,603	4% above HPI

PEAR TREE 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 PEAR TREE sales from November 2007 and December 2017 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 2007 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the December 2017 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might PEAR TREE be worth now?

PEAR TREE might now be worth an estimated £306,018.

This is based on house price inflation of 27.5%, between December 2017 and December 2024, 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 27.5% inflationary increase is applied to the most recent sale price for PEAR TREE of £240,000 on 11th December 2017. For the value to have increased from £240,000 to £306,018 over the seven years to December 2024, the following assumptions must hold true:

• The value of PEAR TREE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2017 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of PEAR TREE has not materially changed since December 2017.

How Large is PEAR TREE?

PEAR TREE is 69m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where PEAR TREE lies on this distribution: 5% of detached houses houses are smaller than PEAR TREE, and 95% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

PEAR TREE: Plot and Title Map

PEAR TREE sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of PEAR TREE, 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 PEAR TREE). 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 PEAR TREE?

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