12A, ROUTLAND CLOSE, WRAGBY, MARKET RASEN, LN8 5SN - £230,000

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

12A ROUTLAND CLOSE is a small extended detached house of 82m², built sometime between 1996 and 2002, which could now be worth an estimated £235,963. It was last sold for £230,000 in June 2022, which was around 17% below the average June 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2021, where the current energy rating was D, and the potential energy rating was C.

12A ROUTLAND CLOSE Sold Prices

Land registry data shows five sales for 12A ROUTLAND CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the five 12A ROUTLAND 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 16 JUN	£230,000	£277,692	17% below HPI
2022 28 JAN	£210,000	£270,076	22% below HPI
2011 2 FEB	£141,000	£161,500	13% below HPI
2008 25 JAN	£179,000	£186,043	4% below HPI
1999 20 AUG	£67,000	£68,823	3% below HPI

12A 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 five 12A ROUTLAND CLOSE sales between August 1999 and June 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 January 2022 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the June 2022 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 12A ROUTLAND CLOSE be worth now?

12A ROUTLAND CLOSE might now be worth an estimated £235,963.

This is based on house price inflation of 2.6%, between June 2022 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 2.6% inflationary increase is applied to the most recent sale price for 12A ROUTLAND CLOSE of £230,000 on 16th June 2022. For the value to have increased from £230,000 to £235,963 over the one year and six months to December 2024, the following assumptions must hold true:

• The value of 12A ROUTLAND CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2022 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 12A ROUTLAND CLOSE has not materially changed since June 2022.

How Large is 12A ROUTLAND CLOSE?

12A ROUTLAND CLOSE is 82m², which includes one extension, according to the EPC inspection conducted in October 2021. This puts it in the smallest 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 12A ROUTLAND CLOSE lies on this distribution: 33% of detached houses houses are smaller than 12A ROUTLAND CLOSE, and 66% of houses are larger. Note that EPC data is not available for all properties in Wragby.

12A ROUTLAND CLOSE: Plot and Title Map

12A ROUTLAND CLOSE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of 12A 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 12A 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 12A ROUTLAND CLOSE?

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