WILLS HAVEN, LOW CHURCH ROAD, MIDDLE RASEN, MARKET RASEN, LN8 3TY - £140,000

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

WILLS HAVEN is a very small detached house of 84m², built sometime between 1967 and 1975. It was last sold for £140,000 in October 2013, which was around 22% below the average October 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

WILLS HAVEN Sold Prices

Land registry data shows two sales for WILLS HAVEN 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 WILLS HAVEN 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
2013 10 OCT	£140,000	£178,420	22% below HPI
2006 12 MAY	£120,000	£175,413	32% below HPI

WILLS HAVEN 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 WILLS HAVEN sales from May 2006 and October 2013 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 2006 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2013 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is WILLS HAVEN?

WILLS HAVEN is 84m² according to the EPC inspection conducted in September 2018. 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 WILLS HAVEN lies on this distribution: 20% of detached houses are smaller than WILLS HAVEN, and 80% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

WILLS HAVEN: Plot and Title Map

WILLS HAVEN sits on a plot of roughly 0.096 of an acre, or 388m². The below map shows the location of WILLS HAVEN, 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 WILLS HAVEN). 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 WILLS HAVEN?

WILLS HAVEN is located on LOW CHURCH ROAD in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of WILLS HAVEN on LOW CHURCH ROAD.