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

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

WESTCOTE is a very small extended detached house of 83m², built sometime between 1900 and 1929. It was last sold for £305,000 in March 2023, which was around 14% 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	£268,478	14% above HPI
2011 25 NOV	£120,000	£178,500	33% 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 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 2023 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

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 in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Middle Rasen, and where WESTCOTE lies on this distribution: 18% of detached 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.