3, THE POUND, MARKET RASEN, LN8 3FR - £193,500

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.

3 THE POUND is a midsized detached house of 103m², built sometime between 1996 and 2002, which could now be worth an estimated £252,746. It was last sold for £193,500 in June 2018, which was around 14% below the average June 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2016, where the current energy rating was C, and the potential energy rating was B.

3 THE POUND Sold Prices

Land registry data shows three sales for 3 THE POUND since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. One of the three 3 THE POUND sales was for below the average price, whilst two 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
2018 4 JUN	£193,500	£224,902	14% below HPI
2004 4 OCT	£179,950	£174,583	3% above HPI
2002 15 MAR	£108,000	£100,416	8% above HPI

3 THE POUND 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 three 3 THE POUND sales between March 2002 and June 2018 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 October 2004 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the June 2018 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 3 THE POUND be worth now?

3 THE POUND might now be worth an estimated £252,746.

This is based on house price inflation of 30.6%, between June 2018 and August 2025, for detached 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 30.6% inflationary increase is applied to the most recent sale price for 3 THE POUND of £193,500 on 4th June 2018. For the value to have increased from £193,500 to £252,746 over the six years and ten months to August 2025, the following assumptions must hold true:

• The value of 3 THE POUND has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The June 2018 sale price of £193,500 represented a fair market value for the property.
• The size, condition, and specification of 3 THE POUND has not materially changed since June 2018.

How Large is 3 THE POUND?

3 THE POUND is 103m² according to the EPC inspection conducted in June 2016. This puts it in the smallest 50% of detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Rasen, and where 3 THE POUND lies on this distribution: 45% of detached houses houses are smaller than 3 THE POUND, and 54% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

3 THE POUND: Plot and Title Map

3 THE POUND sits on a plot of roughly 0.166 of an acre, or 671m². The below map shows the location of 3 THE POUND, 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 3 THE POUND). 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 3 THE POUND?

3 THE POUND is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 3 on THE POUND.