2, PASTURE LANE, MARKET RASEN, LN8 3DT - £95,000

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.

2 PASTURE LANE is a very small terraced house of 70m², built sometime between 1996 and 2002, which could now be worth an estimated £115,521. It was last sold for £95,000 in February 2020, which was around 15% below the average February 2020 terraced price in the West Lindsey local authority area. The most recent EPC inspection was April 2013, where the current energy rating was C, and the potential energy rating was B.

2 PASTURE LANE Sold Prices

Land registry data shows four sales for 2 PASTURE LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. two of the four 2 PASTURE LANE sales were for below the average price, and four 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
2020 24 FEB	£95,000	£112,391	15% below HPI
2013 27 SEP	£85,000	£91,918	8% below HPI
2002 30 AUG	£58,500	£50,003	17% above HPI
2000 19 DEC	£40,000	£35,833	12% above HPI

2 PASTURE LANE 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 four 2 PASTURE LANE sales between December 2000 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 September 2013 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the February 2020 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 2 PASTURE LANE be worth now?

2 PASTURE LANE might now be worth an estimated £115,521.

This is based on house price inflation of 21.6%, between February 2020 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 21.6% inflationary increase is applied to the most recent sale price for 2 PASTURE LANE of £95,000 on 24th February 2020. For the value to have increased from £95,000 to £115,521 over the four years and eight months to June 2025, the following assumptions must hold true:

• The value of 2 PASTURE LANE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The February 2020 sale price of £95,000 represented a fair market value for the property.
• The size, condition, and specification of 2 PASTURE LANE has not materially changed since February 2020.

How Large is 2 PASTURE LANE?

2 PASTURE LANE is 70m² according to the EPC inspection conducted in April 2013. 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 2 PASTURE LANE lies on this distribution: 8% of terraced houses houses are smaller than 2 PASTURE LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

2 PASTURE LANE: Plot and Title Map

2 PASTURE LANE sits on a plot of roughly 0.023 of an acre, or 94m². The below map shows the location of 2 PASTURE LANE, 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 PASTURE LANE). 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 PASTURE LANE?

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