WHERNSIDE, GAINSBOROUGH ROAD, MIDDLE RASEN, MARKET RASEN, LN8 3JR - £280,000

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.

WHERNSIDE is a very small detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £284,913. It was last sold for £280,000 in February 2023, which was around 2% below the average February 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2020, where the current energy rating was C, and the potential energy rating was B.

WHERNSIDE Sold Prices

Land registry data shows four sales for WHERNSIDE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four WHERNSIDE 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
2023 24 FEB	£280,000	£286,094	2% below HPI
2020 13 NOV	£165,000	£238,558	31% below HPI
1998 30 JUN	£60,000	£69,792	14% below HPI
1996 2 MAY	£47,950	£62,803	24% below HPI

WHERNSIDE 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 four WHERNSIDE sales between May 1996 and February 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 2020 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the February 2023 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might WHERNSIDE be worth now?

WHERNSIDE might now be worth an estimated £284,913.

This is based on house price inflation of 1.8%, between February 2023 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 1.8% inflationary increase is applied to the most recent sale price for WHERNSIDE of £280,000 on 24th February 2023. For the value to have increased from £280,000 to £284,913 over the two years to February 2025, the following assumptions must hold true:

• The value of WHERNSIDE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The February 2023 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of WHERNSIDE has not materially changed since February 2023.

How Large is WHERNSIDE?

WHERNSIDE is 82m² according to the EPC inspection conducted in September 2020. 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 WHERNSIDE lies on this distribution: 16% of detached houses houses are smaller than WHERNSIDE, and 83% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

WHERNSIDE: Plot and Title Map

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

WHERNSIDE is located on GAINSBOROUGH ROAD in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of WHERNSIDE on GAINSBOROUGH ROAD.