THE NOOK, BRIGG ROAD, SOUTH KELSEY, MARKET RASEN, LN7 6PQ - £114,000

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

THE NOOK is a very small extended detached house of 60m², built sometime between 1930 and 1949. It was last sold for £114,000 in August 2004, which was around 36% below the average August 2004 detached price in the West Lindsey local authority area. The most recent EPC inspection was December 2023, where the current energy rating was E, and the potential energy rating was C.

THE NOOK Sold Prices

Land registry data shows two sales for THE NOOK 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. Both of the two THE NOOK 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
2004 9 AUG	£114,000	£177,543	36% below HPI
2002 11 OCT	£59,950	£112,995	47% below HPI

THE NOOK 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 THE NOOK sales from October 2002 and August 2004 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 October 2002 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the August 2004 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is THE NOOK?

THE NOOK is 60m², which includes two extensions, according to the EPC inspection conducted in December 2023. This puts it in the smallest 10% of detached houses in South Kelsey, based on EPC data. The below chart shows the distribution of detached houses by size in South Kelsey, and where THE NOOK lies on this distribution: 6% of detached houses are smaller than THE NOOK, and 92% of houses are larger. Note that EPC data is not available for all properties in South Kelsey.

THE NOOK: Plot and Title Map

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

THE NOOK is located on BRIGG ROAD in SOUTH KELSEY, in the LN7 postcode district. The below map shows the position of THE NOOK on BRIGG ROAD.