BUTTERFLY HOUSE, LEGSBY ROAD, MARKET RASEN, LN8 3DY - £157,000

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.

BUTTERFLY HOUSE is a very small extended semi-detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £181,805. It was last sold for £157,000 in August 2021, which was around 4% below the average August 2021 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

BUTTERFLY HOUSE Sold Prices

Land registry data shows three sales for BUTTERFLY HOUSE 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. One of the three BUTTERFLY HOUSE sales was for below the average price, whilst two 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
2021 6 AUG	£157,000	£163,573	4% below HPI
2014 11 JUL	£124,995	£117,780	6% above HPI
1999 20 DEC	£48,500	£43,621	11% above HPI

BUTTERFLY HOUSE 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 BUTTERFLY HOUSE sales between December 1999 and August 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 July 2014 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the August 2021 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might BUTTERFLY HOUSE be worth now?

BUTTERFLY HOUSE might now be worth an estimated £181,805.

This is based on house price inflation of 15.8%, between August 2021 and August 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 15.8% inflationary increase is applied to the most recent sale price for BUTTERFLY HOUSE of £157,000 on 6th August 2021. For the value to have increased from £157,000 to £181,805 over the four years to August 2025, the following assumptions must hold true:

• The value of BUTTERFLY HOUSE has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The August 2021 sale price of £157,000 represented a fair market value for the property.
• The size, condition, and specification of BUTTERFLY HOUSE has not materially changed since August 2021.

How Large is BUTTERFLY HOUSE?

BUTTERFLY HOUSE is 82m², which includes one extension, according to the EPC inspection conducted in December 2016. 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 BUTTERFLY HOUSE lies on this distribution: 18% of semi-detached houses houses are smaller than BUTTERFLY HOUSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

BUTTERFLY HOUSE: Plot and Title Map

BUTTERFLY HOUSE sits on a plot of roughly 0.064 of an acre, or 257m². The below map shows the location of BUTTERFLY HOUSE, 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 BUTTERFLY HOUSE). 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 BUTTERFLY HOUSE?

BUTTERFLY HOUSE is located on LEGSBY ROAD in MARKET RASEN, in the LN8 postcode district. The below map shows the position of BUTTERFLY HOUSE on LEGSBY ROAD.