16, HOLMES WAY, WRAGBY, MARKET RASEN, LN8 5PS - £186,450

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

16 HOLMES WAY is a midsized detached house of 94m², built sometime between 1996 and 2002, which could now be worth an estimated £275,947. It was last sold for £186,450 in July 2007, which was around 4% below the average July 2007 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was C.

16 HOLMES WAY Sold Prices

Land registry data shows three sales for 16 HOLMES WAY 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. One of the three 16 HOLMES WAY sales was for below the average price, whilst two 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
2007 17 JUL	£186,450	£193,413	4% below HPI
2000 10 FEB	£76,500	£74,462	3% above HPI
1995 20 JAN	£69,743	£60,455	15% above HPI

16 HOLMES WAY 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 16 HOLMES WAY sales between January 1995 and July 2007 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 2000 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the July 2007 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might 16 HOLMES WAY be worth now?

16 HOLMES WAY might now be worth an estimated £275,947.

This is based on house price inflation of 48%, between July 2007 and February 2025, 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 48% inflationary increase is applied to the most recent sale price for 16 HOLMES WAY of £186,450 on 17th July 2007. For the value to have increased from £186,450 to £275,947 over the eighteen years and five months to February 2025, the following assumptions must hold true:

• The value of 16 HOLMES WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2007 sale price of £186,450 represented a fair market value for the property.
• The size, condition, and specification of 16 HOLMES WAY has not materially changed since July 2007.

How Large is 16 HOLMES WAY?

16 HOLMES WAY is 94m² according to the EPC inspection conducted in September 2013. This puts it in the largest 50% 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 16 HOLMES WAY lies on this distribution: 51% of detached houses houses are smaller than 16 HOLMES WAY, and 49% of houses are larger. Note that EPC data is not available for all properties in Wragby.

16 HOLMES WAY: Plot and Title Map

16 HOLMES WAY sits on a plot of roughly 0.061 of an acre, or 245m². The below map shows the location of 16 HOLMES WAY, 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 16 HOLMES WAY). 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 16 HOLMES WAY?

16 HOLMES WAY is located in WRAGBY, in the LN8 postcode district. The below map shows the position of No. 16 on HOLMES WAY.