SUNNY LEA, GAINSBOROUGH ROAD, MIDDLE RASEN, MARKET RASEN, LN8 3JR - £121,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

SUNNY LEA is a very small detached house of 68m², built sometime between 1950 and 1966, which could now be worth an estimated £201,790. It was last sold for £121,000 in November 2012, which was around 31% below the average November 2012 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2012, where the current energy rating was C, and the potential energy rating was B.

SUNNY LEA Sold Prices

Land registry data shows four sales for SUNNY LEA since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four SUNNY LEA 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
2012 2 NOV	£121,000	£174,562	31% below HPI
2006 29 SEP	£137,750	£183,699	25% below HPI
2006 8 JUN	£90,000	£175,773	49% below HPI
1997 15 AUG	£44,000	£67,943	35% below HPI

SUNNY LEA 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 four SUNNY LEA sales between August 1997 and November 2012 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 September 2006 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2012 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might SUNNY LEA be worth now?

SUNNY LEA might now be worth an estimated £201,790.

This is based on house price inflation of 66.8%, between November 2012 and February 2025, 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 66.8% inflationary increase is applied to the most recent sale price for SUNNY LEA of £121,000 on 2nd November 2012. For the value to have increased from £121,000 to £201,790 over the thirteen years and nine months to February 2025, the following assumptions must hold true:

• The value of SUNNY LEA has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The November 2012 sale price of £121,000 represented a fair market value for the property.
• The size, condition, and specification of SUNNY LEA has not materially changed since November 2012.

How Large is SUNNY LEA?

SUNNY LEA is 68m² according to the EPC inspection conducted in September 2012. 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 SUNNY LEA lies on this distribution: 5% of detached houses houses are smaller than SUNNY LEA, and 95% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

SUNNY LEA: Plot and Title Map

SUNNY LEA sits on a plot of roughly 0.141 of an acre, or 572m². The below map shows the location of SUNNY LEA, 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 SUNNY LEA). 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 SUNNY LEA?

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