2, CHAPEL CLOSE, SOUTH RAUCEBY, SLEAFORD, NG34 8QZ - £350,000

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

2 CHAPEL CLOSE is a very small detached house of 87m², built sometime between 1967 and 1975. It was last sold for £350,000 in June 2023, which was around 13% above the average June 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was C.

2 CHAPEL CLOSE Sold Prices

Land registry data shows three sales for 2 CHAPEL 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 North Kesteven local authority area for the corresponding sale date. One of the three 2 CHAPEL CLOSE sales was for above the average price, whilst two 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
2023 15 JUN	£350,000	£309,817	13% above HPI
2015 18 DEC	£202,500	£211,694	4% below HPI
2014 21 MAY	£150,000	£194,858	23% below HPI

2 CHAPEL CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three 2 CHAPEL CLOSE sales between May 2014 and June 2023 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 December 2015 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the June 2023 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

How Large is 2 CHAPEL CLOSE?

2 CHAPEL CLOSE is 87m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses in South Rauceby, based on EPC data. The below chart shows the distribution of detached houses by size in South Rauceby, and where 2 CHAPEL CLOSE lies on this distribution: 2% of detached houses are smaller than 2 CHAPEL CLOSE, and 98% of houses are larger. Note that EPC data is not available for all properties in South Rauceby.

2 CHAPEL CLOSE: Plot and Title Map

2 CHAPEL CLOSE sits on a plot of roughly 0.118 of an acre, or 476m². The below map shows the location of 2 CHAPEL 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 2 CHAPEL 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 2 CHAPEL CLOSE?

2 CHAPEL CLOSE is located in SOUTH RAUCEBY, in the NG34 postcode district. The below map shows the position of No. 2 on CHAPEL CLOSE.