THE FARMHOUSE, CHURCH STREET, MIDDLE RASEN, MARKET RASEN, LN8 3TR - £430,000

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.

THE FARMHOUSE is a very large extended detached house of 198m², built sometime between 1900 and 1929, which could now be worth an estimated £515,530. It was last sold for £430,000 in December 2020, which was around 77% above the average December 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

THE FARMHOUSE Sold Prices

Land registry data shows four sales for THE FARMHOUSE 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. Most of the four THE FARMHOUSE sales were 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
2020 1 DEC	£430,000	£242,816	77% above HPI
2016 17 JUN	£250,000	£199,570	25% above HPI
2004 27 AUG	£220,000	£180,127	22% above HPI
1998 10 JUL	£61,700	£70,757	13% below HPI

THE FARMHOUSE 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 THE FARMHOUSE sales between July 1998 and December 2020 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 June 2016 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the December 2020 sale, where it rises to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might THE FARMHOUSE be worth now?

THE FARMHOUSE might now be worth an estimated £515,530.

This is based on house price inflation of 19.9%, between December 2020 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 19.9% inflationary increase is applied to the most recent sale price for THE FARMHOUSE of £430,000 on 1st December 2020. For the value to have increased from £430,000 to £515,530 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of THE FARMHOUSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2020 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of THE FARMHOUSE has not materially changed since December 2020.

How Large is THE FARMHOUSE?

THE FARMHOUSE is 198m², which includes one extension, according to the EPC inspection conducted in November 2019. This puts it in the largest 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 THE FARMHOUSE lies on this distribution: 93% of detached houses houses are smaller than THE FARMHOUSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

THE FARMHOUSE: Plot and Title Map

THE FARMHOUSE sits on a plot of roughly 0.182 of an acre, or 737m². The below map shows the location of THE FARMHOUSE, 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 THE FARMHOUSE). 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 THE FARMHOUSE?

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