TEEHOFF, LEGSBY ROAD, MARKET RASEN, LN8 3DY - £238,500

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

TEEHOFF is a large detached house of 139m², built sometime between 2003 and 2006. It was last sold for £238,500 in March 2016, which was around 21% above the average March 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

TEEHOFF Sold Prices

Land registry data shows two sales for TEEHOFF 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 TEEHOFF sales was for above 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
2016 10 MAR	£238,500	£197,382	21% above HPI
2006 17 MAR	£70,000	£178,290	61% below HPI

TEEHOFF 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 TEEHOFF sales from March 2006 and March 2016 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 2006 sale was for 61% below the HPI. So the extrapolation line tracks at 61% below the HPI over time, until the March 2016 sale, where it rises to 21% above the HPI. The line then continues to track at 21% above the HPI.

How Large is TEEHOFF?

TEEHOFF is 139m² according to the EPC inspection conducted in October 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 TEEHOFF lies on this distribution: 79% of detached houses are smaller than TEEHOFF, and 21% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

TEEHOFF: Plot and Title Map

TEEHOFF sits on a plot of roughly 0.131 of an acre, or 532m². The below map shows the location of TEEHOFF, 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 TEEHOFF). 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 TEEHOFF?

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