SOUTH GABLES, WILLINGHAM ROAD, MARKET RASEN, LN8 3DN - £290,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

SOUTH GABLES is a large extended detached house of 131m², built sometime between 1930 and 1949. It was last sold for £290,000 in December 2022, which was about the average December 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

SOUTH GABLES Sold Prices

Land registry data shows two sales for SOUTH GABLES 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 SOUTH GABLES sales was roughly equal to the average price, whilst the other was 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
2022 5 DEC	£290,000	£289,818	Close to HPI
1998 27 MAR	£60,000	£67,164	11% below HPI

SOUTH GABLES 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 SOUTH GABLES sales from March 1998 and December 2022 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 March 1998 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the December 2022 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is SOUTH GABLES?

SOUTH GABLES is 131m², which includes one extension, according to the EPC inspection conducted in May 2014. 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 SOUTH GABLES lies on this distribution: 74% of detached houses are smaller than SOUTH GABLES, and 25% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

SOUTH GABLES: Plot and Title Map

SOUTH GABLES sits on a plot of roughly 0.161 of an acre, or 651m². The below map shows the location of SOUTH GABLES, 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 SOUTH GABLES). 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 SOUTH GABLES?

SOUTH GABLES is located on WILLINGHAM ROAD in MARKET RASEN, in the LN8 postcode district. The below map shows the position of SOUTH GABLES on WILLINGHAM ROAD.