5, CHURCH MILL CLOSE, MARKET RASEN, LN8 3JL - £144,950

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 CHURCH MILL CLOSE is a small terraced house of 97m², built sometime between 1983 and 1990, which could now be worth an estimated £200,006. It was last sold for £144,950 in June 2016, which was around 46% above the average June 2016 terraced price in the West Lindsey local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

5 CHURCH MILL CLOSE Sold Prices

Land registry data shows five sales for 5 CHURCH MILL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. All of the five 5 CHURCH MILL 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
2016 1 JUN	£144,950	£99,048	46% above HPI
1998 18 FEB	£67,500	£31,531	114% above HPI
1996 22 NOV	£59,000	£29,530	100% above HPI
1996 9 AUG	£67,000	£29,359	128% above HPI
1995 12 JUL	£85,000	£31,050	174% above HPI

5 CHURCH MILL 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 five 5 CHURCH MILL CLOSE sales between July 1995 and June 2016 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 1998 sale was for 114% above the HPI. So the extrapolation line tracks at 114% above the HPI over time, until the June 2016 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 5 CHURCH MILL CLOSE be worth now?

5 CHURCH MILL CLOSE might now be worth an estimated £200,006.

This is based on house price inflation of 38%, between June 2016 and June 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 38% inflationary increase is applied to the most recent sale price for 5 CHURCH MILL CLOSE of £144,950 on 1st June 2016. For the value to have increased from £144,950 to £200,006 over the nine years to June 2025, the following assumptions must hold true:

• The value of 5 CHURCH MILL CLOSE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The June 2016 sale price of £144,950 represented a fair market value for the property.
• The size, condition, and specification of 5 CHURCH MILL CLOSE has not materially changed since June 2016.

How Large is 5 CHURCH MILL CLOSE?

5 CHURCH MILL CLOSE is 97m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 40% 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 CHURCH MILL CLOSE lies on this distribution: 37% of terraced houses houses are smaller than 5 CHURCH MILL CLOSE, and 62% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

5 CHURCH MILL CLOSE: Plot and Title Map

5 CHURCH MILL CLOSE sits on a plot of roughly 0.741 of an acre, or 2,997m². The below map shows the location of 5 CHURCH MILL 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 CHURCH MILL 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 CHURCH MILL CLOSE?

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