5, BIRCHWOODS CLOSE, MARKET RASEN, LN8 3NT - £185,000

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.

5 BIRCHWOODS CLOSE is a midsized terraced house of 108m², built sometime between 2003 and 2006, which could now be worth an estimated £248,368. It was last sold for £185,000 in May 2018, which was around 68% above the average May 2018 terraced price in the West Lindsey local authority area. The most recent EPC inspection was October 2014, where the current energy rating was C, and the potential energy rating was B.

5 BIRCHWOODS CLOSE Sold Prices

Land registry data shows four sales for 5 BIRCHWOODS CLOSE 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. All of the four 5 BIRCHWOODS CLOSE 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
2018 11 MAY	£185,000	£109,882	68% above HPI
2008 4 FEB	£162,000	£103,645	56% above HPI
2007 14 SEP	£180,000	£107,751	67% above HPI
2004 18 JUN	£160,950	£82,487	95% above HPI

5 BIRCHWOODS CLOSE 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 5 BIRCHWOODS CLOSE sales between June 2004 and May 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 February 2008 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the May 2018 sale, where it rises to 68% above the HPI. The line then continues to track at 68% above the HPI.

What might 5 BIRCHWOODS CLOSE be worth now?

5 BIRCHWOODS CLOSE might now be worth an estimated £248,368.

This is based on house price inflation of 34.3%, between May 2018 and August 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 34.3% inflationary increase is applied to the most recent sale price for 5 BIRCHWOODS CLOSE of £185,000 on 11th May 2018. For the value to have increased from £185,000 to £248,368 over the six years and nine months to August 2025, the following assumptions must hold true:

• The value of 5 BIRCHWOODS CLOSE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The May 2018 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BIRCHWOODS CLOSE has not materially changed since May 2018.

How Large is 5 BIRCHWOODS CLOSE?

5 BIRCHWOODS CLOSE is 108m² according to the EPC inspection conducted in October 2014. This puts it in the largest 50% 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 5 BIRCHWOODS CLOSE lies on this distribution: 50% of terraced houses houses are smaller than 5 BIRCHWOODS CLOSE, and 48% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

5 BIRCHWOODS CLOSE: Plot and Title Map

5 BIRCHWOODS CLOSE sits on a plot of roughly 0.099 of an acre, or 399m². The below map shows the location of 5 BIRCHWOODS CLOSE, 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 5 BIRCHWOODS CLOSE). 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 5 BIRCHWOODS CLOSE?

5 BIRCHWOODS CLOSE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 5 on BIRCHWOODS CLOSE.