THE WILLOWS, GRANGE LANE, BISHOP NORTON, MARKET RASEN, LN8 2DT - £442,500

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 WILLOWS is a very large extended detached house of 253m², built sometime between 2003 and 2006, which could now be worth an estimated £687,704. It was last sold for £442,500 in November 2013, which was around 136% above the average November 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2013, where the current energy rating was C, and the potential energy rating was B.

THE WILLOWS Sold Prices

Land registry data shows two sales for THE WILLOWS 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 WILLOWS 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
2013 29 NOV	£442,500	£187,316	136% above HPI
2008 11 JAN	£456,960	£201,116	127% above HPI

THE WILLOWS 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 WILLOWS sales from January 2008 and November 2013 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 January 2008 sale was for 127% above the HPI. So the extrapolation line tracks at 127% above the HPI over time, until the November 2013 sale, where it rises to 136% above the HPI. The line then continues to track at 136% above the HPI.

What might THE WILLOWS be worth now?

THE WILLOWS might now be worth an estimated £687,704.

This is based on house price inflation of 55.4%, between November 2013 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 55.4% inflationary increase is applied to the most recent sale price for THE WILLOWS of £442,500 on 29th November 2013. For the value to have increased from £442,500 to £687,704 over the twelve years and nine months to February 2025, the following assumptions must hold true:

• The value of THE WILLOWS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The November 2013 sale price of £442,500 represented a fair market value for the property.
• The size, condition, and specification of THE WILLOWS has not materially changed since November 2013.

How Large is THE WILLOWS?

THE WILLOWS is 253m², which includes two extensions, according to the EPC inspection conducted in May 2013. This puts it in the largest 20% of detached houses houses in Bishop Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bishop Norton, and where THE WILLOWS lies on this distribution: 81% of detached houses houses are smaller than THE WILLOWS, and 19% of houses are larger. Note that EPC data is not available for all properties in Bishop Norton.

THE WILLOWS: Plot and Title Map

THE WILLOWS sits on a plot of roughly 0.249 of an acre, or 1,009m². The below map shows the location of THE WILLOWS, 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 WILLOWS). 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 WILLOWS?

THE WILLOWS is located on GRANGE LANE in BISHOP NORTON, in the LN8 postcode district. The below map shows the position of THE WILLOWS on GRANGE LANE.