11, BALMORAL CLOSE, WRAGBY, MARKET RASEN, LN8 5RN - £238,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

11 BALMORAL CLOSE is a small extended detached house of 79m², built sometime between 1967 and 1975. It was last sold for £238,000 in November 2022, which was around 16% below the average November 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2022, where the current energy rating was E, and the potential energy rating was C.

11 BALMORAL CLOSE Sold Prices

Land registry data shows three sales for 11 BALMORAL 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 East Lindsey local authority area for the corresponding sale date. All of the three 11 BALMORAL 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
2022 15 NOV	£238,000	£282,579	16% below HPI
2018 23 FEB	£183,000	£208,569	12% below HPI
2012 23 NOV	£122,500	£157,343	22% below HPI

11 BALMORAL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The three 11 BALMORAL CLOSE sales between November 2012 and November 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 February 2018 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2022 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 11 BALMORAL CLOSE?

11 BALMORAL CLOSE is 79m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 30% of detached houses in Wragby, based on EPC data. The below chart shows the distribution of detached houses by size in Wragby, and where 11 BALMORAL CLOSE lies on this distribution: 28% of detached houses are smaller than 11 BALMORAL CLOSE, and 71% of houses are larger. Note that EPC data is not available for all properties in Wragby.

11 BALMORAL CLOSE: Plot and Title Map

11 BALMORAL CLOSE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 11 BALMORAL 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 11 BALMORAL 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 11 BALMORAL CLOSE?

11 BALMORAL CLOSE is located in WRAGBY, in the LN8 postcode district. The below map shows the position of No. 11 on BALMORAL CLOSE.