7, GORDON FIELD, MARKET RASEN, LN8 3AD - £129,000

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.

7 GORDON FIELD is a very small terraced house of 78m², built sometime between 1950 and 1966, which could now be worth an estimated £137,813. It was last sold for £129,000 in September 2021, which was around 1% above the average September 2021 terraced price in the West Lindsey local authority area. The most recent EPC inspection was October 2011, where the current energy rating was C, and the potential energy rating was C.

7 GORDON FIELD Sold Prices

Land registry data shows two sales for 7 GORDON FIELD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. One of the two 7 GORDON FIELD sales was for above the average price, whilst the other was for 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
2021 30 SEP	£129,000	£127,929	1% above HPI
2012 4 JAN	£70,000	£91,132	23% below HPI

7 GORDON FIELD 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 two 7 GORDON FIELD sales from January 2012 and September 2021 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 January 2012 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2021 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 7 GORDON FIELD be worth now?

7 GORDON FIELD might now be worth an estimated £137,813.

This is based on house price inflation of 6.8%, between September 2021 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 6.8% inflationary increase is applied to the most recent sale price for 7 GORDON FIELD of £129,000 on 30th September 2021. For the value to have increased from £129,000 to £137,813 over the four years and three months to June 2025, the following assumptions must hold true:

• The value of 7 GORDON FIELD has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The September 2021 sale price of £129,000 represented a fair market value for the property.
• The size, condition, and specification of 7 GORDON FIELD has not materially changed since September 2021.

How Large is 7 GORDON FIELD?

7 GORDON FIELD is 78m² according to the EPC inspection conducted in October 2011. This puts it in the smallest 20% 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 7 GORDON FIELD lies on this distribution: 15% of terraced houses houses are smaller than 7 GORDON FIELD, and 85% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

7 GORDON FIELD: Plot and Title Map

7 GORDON FIELD sits on a plot of roughly 0.036 of an acre, or 146m². The below map shows the location of 7 GORDON FIELD, 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 7 GORDON FIELD). 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 7 GORDON FIELD?

7 GORDON FIELD is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 7 on GORDON FIELD.