3, VELDEN WAY, MARKET RASEN, LN8 3HD - £49,000

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.

3 VELDEN WAY is a very small extended semi-detached house of 82m², built sometime between 1967 and 1975, which could now be worth an estimated £200,491. It was last sold for £49,000 in October 1999, which was around 14% above the average October 1999 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2014, where the current energy rating was E, and the potential energy rating was B.

3 VELDEN WAY Sold Prices

Land registry data shows two sales for 3 VELDEN WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 3 VELDEN WAY 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
1999 15 OCT	£49,000	£42,910	14% above HPI
1997 28 FEB	£43,500	£38,749	12% above HPI

3 VELDEN WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 3 VELDEN WAY sales from February 1997 and October 1999 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 February 1997 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the October 1999 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might 3 VELDEN WAY be worth now?

3 VELDEN WAY might now be worth an estimated £200,491.

This is based on house price inflation of 309.2%, between October 1999 and June 2025, for semi-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 309.2% inflationary increase is applied to the most recent sale price for 3 VELDEN WAY of £49,000 on 15th October 1999. For the value to have increased from £49,000 to £200,491 over the 26 years and four months to June 2025, the following assumptions must hold true:

• The value of 3 VELDEN WAY has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The October 1999 sale price of £49,000 represented a fair market value for the property.
• The size, condition, and specification of 3 VELDEN WAY has not materially changed since October 1999.

How Large is 3 VELDEN WAY?

3 VELDEN WAY is 82m², which includes one extension, according to the EPC inspection conducted in August 2014. This puts it in the smallest 20% of semi-detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Market Rasen, and where 3 VELDEN WAY lies on this distribution: 18% of semi-detached houses houses are smaller than 3 VELDEN WAY, and 81% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

3 VELDEN WAY: Plot and Title Map

3 VELDEN WAY sits on a plot of roughly 0.048 of an acre, or 196m². The below map shows the location of 3 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 3 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 3 VELDEN WAY?

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