1, CHARLOTTE CLOSE, MARKET RASEN, LN8 3HG - £145,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 CHARLOTTE CLOSE is a very small detached house of 52m², built sometime between 1983 and 1990. It was last sold for £145,000 in April 2019, which was around 35% below the average April 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2022, where the current energy rating was B, and the potential energy rating was B.

1 CHARLOTTE CLOSE Sold Prices

Land registry data shows two sales for 1 CHARLOTTE CLOSE 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 1 CHARLOTTE CLOSE 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
2019 16 APR	£145,000	£224,278	35% below HPI
2006 29 SEP	£120,000	£181,064	34% below HPI

1 CHARLOTTE CLOSE 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 1 CHARLOTTE CLOSE sales from September 2006 and April 2019 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 September 2006 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the April 2019 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is 1 CHARLOTTE CLOSE?

1 CHARLOTTE CLOSE is 52m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% 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 1 CHARLOTTE CLOSE lies on this distribution: 1% of detached houses are smaller than 1 CHARLOTTE CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

1 CHARLOTTE CLOSE: Plot and Title Map

1 CHARLOTTE CLOSE sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 1 CHARLOTTE CLOSE, 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 1 CHARLOTTE CLOSE). 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 1 CHARLOTTE CLOSE?

1 CHARLOTTE CLOSE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 1 on CHARLOTTE CLOSE.