5, MILL LANE, CAISTOR, MARKET RASEN, LN7 6UA - £40,000

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 MILL LANE is a terraced house, which could now be worth an estimated £136,645. It was last sold for £40,000 in January 2002, which was around 5% below the average January 2002 terraced price in the West Lindsey local authority area.

5 MILL LANE Sold Prices

Land registry data shows two sales for 5 MILL LANE 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. Both of the two 5 MILL LANE sales were 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
2002 11 JAN	£40,000	£41,922	5% below HPI
2001 25 APR	£36,000	£37,055	3% below HPI

What might 5 MILL LANE be worth now?

5 MILL LANE might now be worth an estimated £136,645.

This is based on house price inflation of 241.6%, between January 2002 and May 2026, 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 241.6% inflationary increase is applied to the most recent sale price for 5 MILL LANE of £40,000 on 11th January 2002. For the value to have increased from £40,000 to £136,645 over the 23 years and eight months to May 2026, the following assumptions must hold true:

• The value of 5 MILL LANE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The January 2002 sale price of £40,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MILL LANE has not materially changed since January 2002.

Where is 5 MILL LANE?

5 MILL LANE is located in CAISTOR, in the LN7 postcode district.