1, TRUMAN CLOSE, FALDINGWORTH, MARKET RASEN, LN8 3FG - £281,500

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 TRUMAN CLOSE is a large detached house of 185m², built sometime between 2003 and 2006. It was last sold for £281,500 in May 2020, which was around 25% above the average May 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.

1 TRUMAN CLOSE Sold Prices

Land registry data shows three sales for 1 TRUMAN CLOSE 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. All of the three 1 TRUMAN CLOSE 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
2020 27 MAY	£281,500	£224,348	25% above HPI
2017 20 OCT	£258,000	£213,823	21% above HPI
2004 27 OCT	£249,950	£172,079	45% above HPI

1 TRUMAN 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 three 1 TRUMAN CLOSE sales between October 2004 and May 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 October 2017 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the May 2020 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 1 TRUMAN CLOSE?

1 TRUMAN CLOSE is 185m² according to the EPC inspection conducted in February 2012. This puts it in the largest 40% of detached houses in Faldingworth, based on EPC data. The below chart shows the distribution of detached houses by size in Faldingworth, and where 1 TRUMAN CLOSE lies on this distribution: 69% of detached houses are smaller than 1 TRUMAN CLOSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

1 TRUMAN CLOSE: Plot and Title Map

1 TRUMAN CLOSE sits on a plot of roughly 0.136 of an acre, or 549m². The below map shows the location of 1 TRUMAN 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 TRUMAN 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 TRUMAN CLOSE?

1 TRUMAN CLOSE is located in FALDINGWORTH, in the LN8 postcode district. The below map shows the position of No. 1 on TRUMAN CLOSE.