SOMERFORD HOUSE, CHURCH STREET, MIDDLE RASEN, MARKET RASEN, LN8 3TR - £173,000

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

SOMERFORD HOUSE is a midsized extended detached house of 114m², built sometime between 1983 and 1990. It was last sold for £173,000 in May 2010, which was around 5% below the average May 2010 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

SOMERFORD HOUSE Sold Prices

Land registry data shows two sales for SOMERFORD HOUSE 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. One of the two SOMERFORD HOUSE sales was for below the average price, whilst the other was 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
2010 14 MAY	£173,000	£181,452	5% below HPI
2001 11 DEC	£108,500	£89,084	22% above HPI

SOMERFORD 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 SOMERFORD HOUSE sales from December 2001 and May 2010 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 December 2001 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the May 2010 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is SOMERFORD HOUSE?

SOMERFORD HOUSE is 114m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 50% 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 SOMERFORD HOUSE lies on this distribution: 48% of detached houses are smaller than SOMERFORD HOUSE, and 50% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

SOMERFORD HOUSE: Plot and Title Map

SOMERFORD HOUSE sits on a plot of roughly 0.138 of an acre, or 559m². The below map shows the location of SOMERFORD 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 SOMERFORD 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 SOMERFORD HOUSE?

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