THORNFIELD HOUSE, GAINSBOROUGH ROAD, MIDDLE RASEN, MARKET RASEN, LN8 3JU - £266,750

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.

THORNFIELD HOUSE is a large detached house of 129m², which could now be worth an estimated £314,851. It was last sold for £266,750 in July 2020, which was around 15% above the average July 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2019, where the current energy rating was B, and the potential energy rating was B.

THORNFIELD HOUSE Sold Prices

Land registry data shows two sales for THORNFIELD HOUSE 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. One of the two THORNFIELD HOUSE 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
2020 2 JUL	£266,750	£232,450	15% above HPI
2017 28 MAR	£92,500	£208,295	56% below HPI

THORNFIELD HOUSE 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 THORNFIELD HOUSE sales from March 2017 and July 2020 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 March 2017 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the July 2020 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might THORNFIELD HOUSE be worth now?

THORNFIELD HOUSE might now be worth an estimated £314,851.

This is based on house price inflation of 18%, between July 2020 and June 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 18% inflationary increase is applied to the most recent sale price for THORNFIELD HOUSE of £266,750 on 2nd July 2020. For the value to have increased from £266,750 to £314,851 over the five years and one month to June 2025, the following assumptions must hold true:

• The value of THORNFIELD HOUSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2020 sale price of £266,750 represented a fair market value for the property.
• The size, condition, and specification of THORNFIELD HOUSE has not materially changed since July 2020.

How Large is THORNFIELD HOUSE?

THORNFIELD HOUSE is 129m² according to the EPC inspection conducted in September 2019. This puts it in the largest 40% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where THORNFIELD HOUSE lies on this distribution: 64% of detached houses houses are smaller than THORNFIELD HOUSE, and 36% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

THORNFIELD HOUSE: Plot and Title Map

THORNFIELD HOUSE sits on a plot of roughly 0.124 of an acre, or 502m². The below map shows the location of THORNFIELD 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 THORNFIELD 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 THORNFIELD HOUSE?

THORNFIELD HOUSE is located on GAINSBOROUGH ROAD in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of THORNFIELD HOUSE on GAINSBOROUGH ROAD.