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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

WILLS HAVEN is a very small detached house of 84m², built sometime between 1967 and 1975, which could now be worth an estimated £220,359. It was last sold for £140,000 in October 2013, which was around 23% 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	£181,017	23% below HPI
2006 12 MAY	£120,000	£177,966	33% 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 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the October 2013 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might WILLS HAVEN be worth now?

WILLS HAVEN might now be worth an estimated £220,359.

This is based on house price inflation of 57.4%, between October 2013 and December 2024, 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 57.4% inflationary increase is applied to the most recent sale price for WILLS HAVEN of £140,000 on 10th October 2013. For the value to have increased from £140,000 to £220,359 over the ten years and ten months to December 2024, the following assumptions must hold true:

• The value of WILLS HAVEN has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2013 sale price of £140,000 represented a fair market value for the property.
• The size, condition, and specification of WILLS HAVEN has not materially changed since October 2013.

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 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 WILLS HAVEN lies on this distribution: 19% of detached houses 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.