11, VELDEN WAY, MARKET RASEN, LN8 3HD - £155,000

11 VELDEN WAY is a small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £155,000 in September 2017, which was around 29% below the average September 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was B.

11 VELDEN WAY Sold Prices

Land registry data shows two sales for 11 VELDEN WAY 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 11 VELDEN WAY 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
2017 1 SEP	£155,000	£216,820	29% below HPI
2013 18 SEP	£150,000	£180,348	17% below HPI

11 VELDEN WAY 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 11 VELDEN WAY sales from September 2013 and September 2017 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 September 2013 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the September 2017 sale, where it falls to 29% below the HPI. The line then continues to track at 29% below the HPI.

How Large is 11 VELDEN WAY?

11 VELDEN WAY is 90m², which includes two extensions, according to the EPC inspection conducted in October 2022. This puts it in the smallest 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 11 VELDEN WAY lies on this distribution: 26% of detached houses are smaller than 11 VELDEN WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

11 VELDEN WAY: Plot and Title Map

11 VELDEN WAY sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 11 VELDEN WAY, 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 11 VELDEN WAY). 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 11 VELDEN WAY?

11 VELDEN WAY is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 11 on VELDEN WAY.