2, BIRCHWOODS CLOSE, MARKET RASEN, LN8 3NT - £185,000

2 BIRCHWOODS CLOSE is a very small detached house of 74m², built sometime between 2003 and 2006. It was last sold for £185,000 in July 2021, which was around 28% below the average July 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2020, where the current energy rating was C, and the potential energy rating was B.

2 BIRCHWOODS CLOSE Sold Prices

Land registry data shows four sales for 2 BIRCHWOODS CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 2 BIRCHWOODS CLOSE 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
2021 30 JUL	£185,000	£257,466	28% below HPI
2015 18 NOV	£138,000	£195,548	29% below HPI
2010 22 DEC	£137,000	£188,341	27% below HPI
2004 30 JUL	£129,950	£171,695	24% below HPI

2 BIRCHWOODS CLOSE 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 four 2 BIRCHWOODS CLOSE sales between July 2004 and July 2021 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 2015 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2021 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is 2 BIRCHWOODS CLOSE?

2 BIRCHWOODS CLOSE is 74m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 20% 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 2 BIRCHWOODS CLOSE lies on this distribution: 12% of detached houses are smaller than 2 BIRCHWOODS CLOSE, and 87% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

2 BIRCHWOODS CLOSE: Plot and Title Map

2 BIRCHWOODS CLOSE sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 2 BIRCHWOODS CLOSE, 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 2 BIRCHWOODS CLOSE). 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 2 BIRCHWOODS CLOSE?

2 BIRCHWOODS CLOSE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 2 on BIRCHWOODS CLOSE.