SARIR, LEGSBY ROAD, MARKET RASEN, LN8 3DZ - £220,000

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

SARIR is a large extended detached house of 140m², built sometime between 1950 and 1966. It was last sold for £220,000 in November 2018, which was around 1% below the average November 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2017, where the current energy rating was D, and the potential energy rating was C.

SARIR Sold Prices

Land registry data shows two sales for SARIR 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 SARIR 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
2018 30 NOV	£220,000	£221,194	1% below HPI
2002 31 OCT	£106,650	£112,995	6% below HPI

SARIR 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 SARIR sales from October 2002 and November 2018 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 October 2002 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the November 2018 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is SARIR?

SARIR is 140m², which includes one extension, according to the EPC inspection conducted in May 2017. This puts it in the largest 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 SARIR lies on this distribution: 79% of detached houses are smaller than SARIR, and 21% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

SARIR: Plot and Title Map

SARIR sits on a plot of roughly 0.225 of an acre, or 910m². The below map shows the location of SARIR, 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 SARIR). 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 SARIR?

SARIR is located on LEGSBY ROAD in MARKET RASEN, in the LN8 postcode district. The below map shows the position of SARIR on LEGSBY ROAD.