THE CHESTNUTS, GALLAMORE LANE, MARKET RASEN, LN8 3HZ - £550,000

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.

THE CHESTNUTS is a very large extended detached house of 201m², built sometime between 1996 and 2002, which could now be worth an estimated £569,724. It was last sold for £550,000 in June 2022, which was around 94% above the average June 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2015, where the current energy rating was C, and the potential energy rating was B.

THE CHESTNUTS Sold Prices

Land registry data shows two sales for THE CHESTNUTS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two THE CHESTNUTS 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
2022 24 JUN	£550,000	£283,593	94% above HPI
2002 11 OCT	£247,500	£114,639	116% above HPI

THE CHESTNUTS 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 two THE CHESTNUTS sales from October 2002 and June 2022 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 October 2002 sale was for 116% above the HPI. So the extrapolation line tracks at 116% above the HPI over time, until the June 2022 sale, where it falls to 94% above the HPI. The line then continues to track at 94% above the HPI.

What might THE CHESTNUTS be worth now?

THE CHESTNUTS might now be worth an estimated £569,724.

This is based on house price inflation of 3.6%, between June 2022 and August 2025, for 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 3.6% inflationary increase is applied to the most recent sale price for THE CHESTNUTS of £550,000 on 24th June 2022. For the value to have increased from £550,000 to £569,724 over the two years and ten months to August 2025, the following assumptions must hold true:

• The value of THE CHESTNUTS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The June 2022 sale price of £550,000 represented a fair market value for the property.
• The size, condition, and specification of THE CHESTNUTS has not materially changed since June 2022.

How Large is THE CHESTNUTS?

THE CHESTNUTS is 201m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the largest 10% of detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Rasen, and where THE CHESTNUTS lies on this distribution: 95% of detached houses houses are smaller than THE CHESTNUTS, and 5% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

THE CHESTNUTS: Plot and Title Map

THE CHESTNUTS sits on a plot of roughly 1.1 acres, or 4,375m². The below map shows the location of THE CHESTNUTS, 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 THE CHESTNUTS). 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 THE CHESTNUTS?

THE CHESTNUTS is located on GALLAMORE LANE in MARKET RASEN, in the LN8 postcode district. The below map shows the position of THE CHESTNUTS on GALLAMORE LANE.