15, LANCASTER DRIVE, MARKET RASEN, LN8 3GX - £152,000

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.

15 LANCASTER DRIVE is a very small terraced house of 64m², built sometime between 2003 and 2006, which could now be worth an estimated £149,957. It was last sold for £152,000 in July 2024, which was around 10% above the average July 2024 terraced price in the West Lindsey local authority area. The most recent EPC inspection was February 2020, where the current energy rating was C, and the potential energy rating was B.

15 LANCASTER DRIVE Sold Prices

Land registry data shows three sales for 15 LANCASTER DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. All of the three 15 LANCASTER DRIVE sales were for above 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
2024 15 JUL	£152,000	£138,531	10% above HPI
2020 21 SEP	£134,000	£115,275	16% above HPI
2007 28 SEP	£119,950	£107,751	11% above HPI

15 LANCASTER DRIVE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Lindsey local authority area over time, sourced from the HPI. The three 15 LANCASTER DRIVE sales between September 2007 and July 2024 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 2020 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the July 2024 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

What might 15 LANCASTER DRIVE be worth now?

15 LANCASTER DRIVE might now be worth an estimated £149,957.

This is based on house price deflation of 1.3%, between July 2024 and June 2025, for terraced 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 1.3% deflationary decrease is applied to the most recent sale price for 15 LANCASTER DRIVE of £152,000 on 15th July 2024. For the value to have decreased from £152,000 to £149,957 over the one year and one month to June 2025, the following assumptions must hold true:

• The value of 15 LANCASTER DRIVE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The July 2024 sale price of £152,000 represented a fair market value for the property.
• The size, condition, and specification of 15 LANCASTER DRIVE has not materially changed since July 2024.

How Large is 15 LANCASTER DRIVE?

15 LANCASTER DRIVE is 64m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of terraced houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Market Rasen, and where 15 LANCASTER DRIVE lies on this distribution: 6% of terraced houses houses are smaller than 15 LANCASTER DRIVE, and 94% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

15 LANCASTER DRIVE: Plot and Title Map

15 LANCASTER DRIVE sits on a plot of roughly 0.048 of an acre, or 193m². The below map shows the location of 15 LANCASTER DRIVE, 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 15 LANCASTER DRIVE). 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 15 LANCASTER DRIVE?

15 LANCASTER DRIVE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 15 on LANCASTER DRIVE.