WYCOLLER, GAINSBOROUGH ROAD, MIDDLE RASEN, MARKET RASEN, LN8 3JR - £242,000

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.

WYCOLLER is a small detached house of 93m², built sometime between 1983 and 1990, which could now be worth an estimated £307,209. It was last sold for £242,000 in February 2020, which was around 6% above the average February 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

WYCOLLER Sold Prices

Land registry data shows six sales for WYCOLLER since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Most of the six WYCOLLER 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
2020 13 FEB	£242,000	£229,321	6% above HPI
2018 14 NOV	£210,000	£224,413	6% below HPI
2001 15 JAN	£68,000	£80,633	16% below HPI
1999 23 APR	£60,000	£64,782	7% below HPI
1997 22 AUG	£62,500	£67,943	8% below HPI
1995 31 JUL	£57,500	£65,165	12% below HPI

WYCOLLER 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 six WYCOLLER sales between July 1995 and February 2020 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 2018 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the February 2020 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might WYCOLLER be worth now?

WYCOLLER might now be worth an estimated £307,209.

This is based on house price inflation of 26.9%, between February 2020 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 26.9% inflationary increase is applied to the most recent sale price for WYCOLLER of £242,000 on 13th February 2020. For the value to have increased from £242,000 to £307,209 over the five years to February 2025, the following assumptions must hold true:

• The value of WYCOLLER has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The February 2020 sale price of £242,000 represented a fair market value for the property.
• The size, condition, and specification of WYCOLLER has not materially changed since February 2020.

How Large is WYCOLLER?

WYCOLLER is 93m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 40% 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 WYCOLLER lies on this distribution: 31% of detached houses houses are smaller than WYCOLLER, and 68% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

WYCOLLER: Plot and Title Map

WYCOLLER sits on a plot of roughly 0.159 of an acre, or 642m². The below map shows the location of WYCOLLER, 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 WYCOLLER). 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 WYCOLLER?

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