THE WALNUTS, CHAPMAN STREET, MARKET RASEN, LN8 3DS - £358,000

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 WALNUTS is a very large extended detached house of 164m², built sometime before 1900, which could now be worth an estimated £361,295. It was last sold for £358,000 in July 2022, which was around 24% above the average July 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2016, where the current energy rating was E, and the potential energy rating was C.

THE WALNUTS Sold Prices

Land registry data shows three sales for THE WALNUTS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Two of the three THE WALNUTS sales were for above the average price, whilst one 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
2022 5 JUL	£358,000	£288,459	24% above HPI
2018 6 AUG	£275,000	£229,999	20% above HPI
2009 16 NOV	£175,000	£177,325	1% below HPI

THE WALNUTS 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 three THE WALNUTS sales between November 2009 and July 2022 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 2018 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the July 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might THE WALNUTS be worth now?

THE WALNUTS might now be worth an estimated £361,295.

This is based on house price inflation of 0.9%, between July 2022 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 0.9% inflationary increase is applied to the most recent sale price for THE WALNUTS of £358,000 on 5th July 2022. For the value to have increased from £358,000 to £361,295 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of THE WALNUTS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2022 sale price of £358,000 represented a fair market value for the property.
• The size, condition, and specification of THE WALNUTS has not materially changed since July 2022.

How Large is THE WALNUTS?

THE WALNUTS is 164m², which includes one extension, according to the EPC inspection conducted in July 2016. This puts it in the largest 20% of detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Rasen, and where THE WALNUTS lies on this distribution: 89% of detached houses houses are smaller than THE WALNUTS, and 11% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

THE WALNUTS: Plot and Title Map

THE WALNUTS sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of THE WALNUTS, 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 WALNUTS). 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 WALNUTS?

THE WALNUTS is located on CHAPMAN STREET in MARKET RASEN, in the LN8 postcode district. The below map shows the position of THE WALNUTS on CHAPMAN STREET.