2, VELDEN WAY, MARKET RASEN, LN8 3HD - £154,950

2 VELDEN WAY is a large extended detached house of 121m², built sometime between 1976 and 1982. It was last sold for £154,950 in June 2014, which was around 16% below the average June 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2014, where the current energy rating was C, and the potential energy rating was B.

2 VELDEN WAY Sold Prices

Land registry data shows two sales for 2 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 2 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
2014 27 JUN	£154,950	£184,269	16% below HPI
2008 28 NOV	£124,000	£183,510	32% below HPI

2 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 2 VELDEN WAY sales from November 2008 and June 2014 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 2008 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the June 2014 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 2 VELDEN WAY?

2 VELDEN WAY is 121m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the largest 40% 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 VELDEN WAY lies on this distribution: 65% of detached houses are smaller than 2 VELDEN WAY, and 34% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

2 VELDEN WAY: Plot and Title Map

2 VELDEN WAY sits on a plot of roughly 0.068 of an acre, or 275m². The below map shows the location of 2 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 2 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 2 VELDEN WAY?

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