THE WOODLANDS, WEST STREET, NORTH KELSEY, MARKET RASEN, LN7 6EL - £151,500

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 WOODLANDS is a small detached house of 108m², built sometime between 1950 and 1966. It was last sold for £151,500 in August 2009, which was around 15% below the average August 2009 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was B.

THE WOODLANDS Sold Prices

Land registry data shows two sales for THE WOODLANDS 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 WOODLANDS 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
2009 24 AUG	£151,500	£178,161	15% below HPI
2004 10 MAY	£147,000	£155,842	6% below HPI

THE WOODLANDS 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 WOODLANDS sales from May 2004 and August 2009 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 May 2004 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the August 2009 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is THE WOODLANDS?

THE WOODLANDS is 108m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 40% of detached houses in North Kelsey, based on EPC data. The below chart shows the distribution of detached houses by size in North Kelsey, and where THE WOODLANDS lies on this distribution: 36% of detached houses are smaller than THE WOODLANDS, and 64% of houses are larger. Note that EPC data is not available for all properties in North Kelsey.

THE WOODLANDS: Plot and Title Map

THE WOODLANDS sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of THE WOODLANDS, 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 WOODLANDS). 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 WOODLANDS?

THE WOODLANDS is located on WEST STREET in NORTH KELSEY, in the LN7 postcode district. The below map shows the position of THE WOODLANDS on WEST STREET.