2, CHARLOTTE CLOSE, MARKET RASEN, LN8 3HG - £177,495

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

2 CHARLOTTE CLOSE is a very small detached house of 79m², built sometime between 1983 and 1990, which could now be worth an estimated £259,021. It was last sold for £177,495 in July 2015, which was around 9% below the average July 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was B.

2 CHARLOTTE CLOSE Sold Prices

Land registry data shows two sales for 2 CHARLOTTE 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 West Lindsey local authority area for the corresponding sale date. Both of the two 2 CHARLOTTE 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
2015 22 JUL	£177,495	£195,242	9% below HPI
2008 10 SEP	£140,000	£194,929	28% below HPI

2 CHARLOTTE CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 2 CHARLOTTE CLOSE sales from September 2008 and July 2015 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 September 2008 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the July 2015 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might 2 CHARLOTTE CLOSE be worth now?

2 CHARLOTTE CLOSE might now be worth an estimated £259,021.

This is based on house price inflation of 45.9%, between July 2015 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 45.9% inflationary increase is applied to the most recent sale price for 2 CHARLOTTE CLOSE of £177,495 on 22nd July 2015. For the value to have increased from £177,495 to £259,021 over the eight years and seven months to December 2024, the following assumptions must hold true:

• The value of 2 CHARLOTTE CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2015 sale price of £177,495 represented a fair market value for the property.
• The size, condition, and specification of 2 CHARLOTTE CLOSE has not materially changed since July 2015.

How Large is 2 CHARLOTTE CLOSE?

2 CHARLOTTE CLOSE is 79m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% of detached houses houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Market Rasen, and where 2 CHARLOTTE CLOSE lies on this distribution: 17% of detached houses houses are smaller than 2 CHARLOTTE CLOSE, and 83% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

2 CHARLOTTE CLOSE: Plot and Title Map

2 CHARLOTTE CLOSE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 2 CHARLOTTE 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 CHARLOTTE 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 CHARLOTTE CLOSE?

2 CHARLOTTE CLOSE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 2 on CHARLOTTE CLOSE.