1, MILL ROAD, MARKET RASEN, LN8 3BP - £285,000

1 MILL ROAD is a large extended detached house of 126m², built sometime between 1950 and 1966. It was last sold for £285,000 in June 2023, which was around 5% above the average June 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was C.

1 MILL ROAD Sold Prices

Land registry data shows two sales for 1 MILL ROAD 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. One of the two 1 MILL ROAD sales was for above the average price, whilst the other was 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 30 JUN	£285,000	£272,349	5% above HPI
2016 22 JUN	£171,250	£196,707	13% below HPI

1 MILL ROAD 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 1 MILL ROAD sales from June 2016 and June 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 June 2016 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the June 2023 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 1 MILL ROAD?

1 MILL ROAD is 126m², which includes two extensions, according to the EPC inspection conducted in September 2022. This puts it in the largest 30% of detached houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where 1 MILL ROAD lies on this distribution: 71% of detached houses are smaller than 1 MILL ROAD, and 29% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

1 MILL ROAD: Plot and Title Map

1 MILL ROAD sits on a plot of roughly 0.217 of an acre, or 877m². The below map shows the location of 1 MILL ROAD, 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 1 MILL ROAD). 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 1 MILL ROAD?

1 MILL ROAD is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 1 on MILL ROAD.