12, ROUTLAND CLOSE, WRAGBY, MARKET RASEN, LN8 5SN - £145,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

12 ROUTLAND CLOSE is a large detached house of 107m², built sometime between 1996 and 2002, which could now be worth an estimated £241,438. It was last sold for £145,000 in September 2011, which was around 15% below the average September 2011 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was D.

12 ROUTLAND CLOSE Sold Prices

Land registry data shows two sales for 12 ROUTLAND 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 East Lindsey local authority area for the corresponding sale date. One of the two 12 ROUTLAND CLOSE sales was for below the average price, whilst the other was 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
2011 19 SEP	£145,000	£171,097	15% below HPI
1998 24 JUL	£78,250	£66,053	18% above HPI

12 ROUTLAND 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 two 12 ROUTLAND CLOSE sales from July 1998 and September 2011 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 July 1998 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the September 2011 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 12 ROUTLAND CLOSE be worth now?

12 ROUTLAND CLOSE might now be worth an estimated £241,438.

This is based on house price inflation of 66.5%, between September 2011 and December 2024, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.5% inflationary increase is applied to the most recent sale price for 12 ROUTLAND CLOSE of £145,000 on 19th September 2011. For the value to have increased from £145,000 to £241,438 over the twelve years and nine months to December 2024, the following assumptions must hold true:

• The value of 12 ROUTLAND CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2011 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 12 ROUTLAND CLOSE has not materially changed since September 2011.

How Large is 12 ROUTLAND CLOSE?

12 ROUTLAND CLOSE is 107m² according to the EPC inspection conducted in April 2011. This puts it in the largest 40% of detached houses houses in Wragby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wragby, and where 12 ROUTLAND CLOSE lies on this distribution: 67% of detached houses houses are smaller than 12 ROUTLAND CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Wragby.

12 ROUTLAND CLOSE: Plot and Title Map

12 ROUTLAND CLOSE sits on a plot of roughly 0.119 of an acre, or 482m². The below map shows the location of 12 ROUTLAND 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 12 ROUTLAND 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 12 ROUTLAND CLOSE?

12 ROUTLAND CLOSE is located in WRAGBY, in the LN8 postcode district. The below map shows the position of No. 12 on ROUTLAND CLOSE.