WESTHOLME, MILL ROAD, MARKET RASEN, LN8 3BP - £157,950

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.

WESTHOLME is a small detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £199,920. It was last sold for £157,950 in August 2018, which was around 31% below the average August 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2024, where the current energy rating was C, and the potential energy rating was B.

WESTHOLME Sold Prices

Land registry data shows two sales for WESTHOLME 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 WESTHOLME 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
2018 21 AUG	£157,950	£229,999	31% below HPI
2017 23 AUG	£118,000	£222,628	47% below HPI

WESTHOLME 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 WESTHOLME sales from August 2017 and August 2018 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 2017 sale was for 47% below the HPI. So the extrapolation line tracks at 47% below the HPI over time, until the August 2018 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might WESTHOLME be worth now?

WESTHOLME might now be worth an estimated £199,920.

This is based on house price inflation of 26.6%, between August 2018 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 26.6% inflationary increase is applied to the most recent sale price for WESTHOLME of £157,950 on 21st August 2018. For the value to have increased from £157,950 to £199,920 over the seven years and six months to February 2025, the following assumptions must hold true:

• The value of WESTHOLME has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2018 sale price of £157,950 represented a fair market value for the property.
• The size, condition, and specification of WESTHOLME has not materially changed since August 2018.

How Large is WESTHOLME?

WESTHOLME is 84m² according to the EPC inspection conducted in June 2024. This puts it in the smallest 30% 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 WESTHOLME lies on this distribution: 20% of detached houses houses are smaller than WESTHOLME, and 79% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

WESTHOLME: Plot and Title Map

WESTHOLME sits on a plot of roughly 0.138 of an acre, or 559m². The below map shows the location of WESTHOLME, 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 WESTHOLME). 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 WESTHOLME?

WESTHOLME is located on MILL ROAD in MARKET RASEN, in the LN8 postcode district. The below map shows the position of WESTHOLME on MILL ROAD.