THE HAVEN, WILLINGHAM ROAD, MARKET RASEN, LN8 3DN - £159,000

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

THE HAVEN is a large extended detached house of 119m², built sometime between 1983 and 1990. It was last sold for £159,000 in June 2014, which was around 14% below the average June 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2013, where the current energy rating was C, and the potential energy rating was B.

THE HAVEN Sold Prices

Land registry data shows four sales for THE HAVEN 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 THE HAVEN 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
2014 27 JUN	£159,000	£184,269	14% below HPI
2009 16 DEC	£145,000	£177,240	18% below HPI
2004 21 APR	£135,000	£153,384	12% below HPI
2001 21 SEP	£75,000	£87,255	14% below HPI

THE HAVEN 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 HAVEN sales between September 2001 and June 2014 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 2009 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the June 2014 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is THE HAVEN?

THE HAVEN is 119m², which includes two extensions, according to the EPC inspection conducted in July 2013. This puts it in the largest 40% 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 THE HAVEN lies on this distribution: 62% of detached houses are smaller than THE HAVEN, and 37% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

THE HAVEN: Plot and Title Map

THE HAVEN sits on a plot of roughly 0.078 of an acre, or 315m². The below map shows the location of THE HAVEN, 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 HAVEN). 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 HAVEN?

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