4, VELDEN WAY, MARKET RASEN, LN8 3HD - £167,500

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.

4 VELDEN WAY is a midsized extended semi-detached house of 112m², built sometime between 1976 and 1982, which could now be worth an estimated £216,121. It was last sold for £167,500 in November 2019, which was around 16% above the average November 2019 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2019, where the current energy rating was C, and the potential energy rating was B.

4 VELDEN WAY Sold Prices

Land registry data shows three sales for 4 VELDEN WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. The three 4 VELDEN WAY sales were a mix of above the average price, roughly equal to the average price, and 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
2019 21 NOV	£167,500	£144,685	16% above HPI
2001 12 APR	£49,000	£48,768	Close to HPI
1999 8 OCT	£42,200	£42,910	2% below HPI

4 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 three 4 VELDEN WAY sales between October 1999 and November 2019 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 April 2001 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2019 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

What might 4 VELDEN WAY be worth now?

4 VELDEN WAY might now be worth an estimated £216,121.

This is based on house price inflation of 29%, between November 2019 and February 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 29% inflationary increase is applied to the most recent sale price for 4 VELDEN WAY of £167,500 on 21st November 2019. For the value to have increased from £167,500 to £216,121 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of 4 VELDEN WAY has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The November 2019 sale price of £167,500 represented a fair market value for the property.
• The size, condition, and specification of 4 VELDEN WAY has not materially changed since November 2019.

How Large is 4 VELDEN WAY?

4 VELDEN WAY is 112m², which includes two extensions, according to the EPC inspection conducted in August 2019. This puts it in the largest 50% 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 4 VELDEN WAY lies on this distribution: 53% of semi-detached houses houses are smaller than 4 VELDEN WAY, and 46% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

4 VELDEN WAY: Plot and Title Map

4 VELDEN WAY sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 4 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 4 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 4 VELDEN WAY?

4 VELDEN WAY is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 4 on VELDEN WAY.