2, HOLMES WAY, WRAGBY, MARKET RASEN, LN8 5PS - £287,500

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 HOLMES WAY is a midsized detached house of 91m², built sometime between 2003 and 2006, which could now be worth an estimated £286,190. It was last sold for £287,500 in September 2023, which was about the average September 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

2 HOLMES WAY Sold Prices

Land registry data shows five sales for 2 HOLMES WAY 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. The five 2 HOLMES WAY sales were a mix of roughly equal to the average price, above the average price, and 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 22 SEP	£287,500	£286,196	Close to HPI
2019 14 NOV	£210,000	£228,762	8% below HPI
2011 7 NOV	£182,000	£166,864	9% above HPI
2007 14 FEB	£184,000	£183,541	Close to HPI
1998 18 SEP	£77,000	£66,334	16% above HPI

2 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 five 2 HOLMES WAY sales between September 1998 and September 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 November 2019 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2023 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might 2 HOLMES WAY be worth now?

2 HOLMES WAY might now be worth an estimated £286,190.

This is based on house price deflation of 0.5%, between September 2023 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 0.5% deflationary decrease is applied to the most recent sale price for 2 HOLMES WAY of £287,500 on 22nd September 2023. For the value to have decreased from £287,500 to £286,190 over the nine months to December 2024, the following assumptions must hold true:

• The value of 2 HOLMES WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2023 sale price of £287,500 represented a fair market value for the property.
• The size, condition, and specification of 2 HOLMES WAY has not materially changed since September 2023.

How Large is 2 HOLMES WAY?

2 HOLMES WAY is 91m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 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 2 HOLMES WAY lies on this distribution: 47% of detached houses houses are smaller than 2 HOLMES WAY, and 52% of houses are larger. Note that EPC data is not available for all properties in Wragby.

2 HOLMES WAY: Plot and Title Map

2 HOLMES WAY sits on a plot of roughly 0.116 of an acre, or 471m². The below map shows the location of 2 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 2 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 2 HOLMES WAY?

2 HOLMES WAY is located in WRAGBY, in the LN8 postcode district. The below map shows the position of No. 2 on HOLMES WAY.