ELMLEA, LEGSBY ROAD, MARKET RASEN, LN8 3DY - £235,000

ELMLEA is a large extended detached house of 135m², built sometime before 1900. It was last sold for £235,000 in May 2021, which was around 6% below the average May 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2019, where the current energy rating was E, and the potential energy rating was B.

ELMLEA Sold Prices

Land registry data shows three sales for ELMLEA since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Two of the three ELMLEA sales were for below the average price, whilst one was 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 5 MAY	£235,000	£251,203	6% below HPI
1999 17 AUG	£79,000	£69,017	14% above HPI
1995 29 JUN	£58,000	£62,896	8% below HPI

ELMLEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three ELMLEA sales between June 1995 and May 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 August 1999 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the May 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is ELMLEA?

ELMLEA is 135m², which includes three extensions, according to the EPC inspection conducted in July 2019. This puts it in the largest 30% of detached houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where ELMLEA lies on this distribution: 77% of detached houses are smaller than ELMLEA, and 22% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

ELMLEA: Plot and Title Map

ELMLEA sits on a plot of roughly 0.213 of an acre, or 863m². The below map shows the location of ELMLEA, 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 ELMLEA). 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 ELMLEA?

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