WESTCOTE, CHURCH STREET, MIDDLE RASEN, MARKET RASEN, LN8 3TR - £305,000

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.

WESTCOTE is a very small extended detached house of 83m², built sometime between 1900 and 1929, which could now be worth an estimated £329,391. It was last sold for £305,000 in March 2023, which was around 12% above the average March 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was B.

WESTCOTE Sold Prices

Land registry data shows two sales for WESTCOTE 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. One of the two WESTCOTE sales was for above the average price, whilst the other 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
2023 29 MAR	£305,000	£272,386	12% above HPI
2011 25 NOV	£120,000	£181,098	34% below HPI

WESTCOTE 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 WESTCOTE sales from November 2011 and March 2023 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 November 2011 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2023 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might WESTCOTE be worth now?

WESTCOTE might now be worth an estimated £329,391.

This is based on house price inflation of 8%, between March 2023 and March 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 8% inflationary increase is applied to the most recent sale price for WESTCOTE of £305,000 on 29th March 2023. For the value to have increased from £305,000 to £329,391 over the two years to March 2025, the following assumptions must hold true:

• The value of WESTCOTE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The March 2023 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of WESTCOTE has not materially changed since March 2023.

How Large is WESTCOTE?

WESTCOTE is 83m², which includes three extensions, according to the EPC inspection conducted in May 2022. This puts it in the smallest 20% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where WESTCOTE lies on this distribution: 17% of detached houses houses are smaller than WESTCOTE, and 82% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

WESTCOTE: Plot and Title Map

WESTCOTE sits on a plot of roughly 0.073 of an acre, or 294m². The below map shows the location of WESTCOTE, 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 WESTCOTE). 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 WESTCOTE?

WESTCOTE is located on CHURCH STREET in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of WESTCOTE on CHURCH STREET.