THE OLD POST OFFICE, THORNTON ROAD, SOUTH KELSEY, MARKET RASEN, LN7 6PS - £195,000

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 OLD POST OFFICE is a midsized detached house of 137m², built sometime before 1900, which could now be worth an estimated £318,999. It was last sold for £195,000 in August 2006, which was around 10% above the average August 2006 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was E, and the potential energy rating was B.

THE OLD POST OFFICE Sold Prices

Land registry data shows two sales for THE OLD POST OFFICE 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 OLD POST OFFICE 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
2006 3 AUG	£195,000	£177,954	10% above HPI
2000 30 AUG	£93,000	£75,134	24% above HPI

THE OLD POST OFFICE 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 OLD POST OFFICE sales from August 2000 and August 2006 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 August 2000 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the August 2006 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might THE OLD POST OFFICE be worth now?

THE OLD POST OFFICE might now be worth an estimated £318,999.

This is based on house price inflation of 63.6%, between August 2006 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 63.6% inflationary increase is applied to the most recent sale price for THE OLD POST OFFICE of £195,000 on 3rd August 2006. For the value to have increased from £195,000 to £318,999 over the nineteen years and six months to February 2025, the following assumptions must hold true:

• The value of THE OLD POST OFFICE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2006 sale price of £195,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD POST OFFICE has not materially changed since August 2006.

How Large is THE OLD POST OFFICE?

THE OLD POST OFFICE is 137m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 50% of detached houses houses in South Kelsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Kelsey, and where THE OLD POST OFFICE lies on this distribution: 43% of detached houses houses are smaller than THE OLD POST OFFICE, and 57% of houses are larger. Note that EPC data is not available for all properties in South Kelsey.

THE OLD POST OFFICE: Plot and Title Map

THE OLD POST OFFICE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of THE OLD POST OFFICE, 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 OLD POST OFFICE). 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 OLD POST OFFICE?

THE OLD POST OFFICE is located on THORNTON ROAD in SOUTH KELSEY, in the LN7 postcode district. The below map shows the position of THE OLD POST OFFICE on THORNTON ROAD.