3, TRUMAN CLOSE, FALDINGWORTH, MARKET RASEN, LN8 3FG - £239,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

3 TRUMAN CLOSE is a small detached house of 139m², built sometime from 2007 onwards. It was last sold for £239,000 in June 2016, which was around 22% above the average June 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

3 TRUMAN CLOSE Sold Prices

Land registry data shows four sales for 3 TRUMAN CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 3 TRUMAN CLOSE sales 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
2016 10 JUN	£239,000	£196,707	22% above HPI
2010 5 AUG	£231,500	£189,838	22% above HPI
2007 25 MAY	£225,000	£184,311	22% above HPI
2005 28 OCT	£219,950	£174,329	26% above HPI

3 TRUMAN 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 four 3 TRUMAN CLOSE sales between October 2005 and June 2016 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 August 2010 sale was for 22% above the HPI. So the extrapolation line tracks at 22% above the HPI over time, until the June 2016 sale, which was also at 22% above the HPI.

How Large is 3 TRUMAN CLOSE?

3 TRUMAN CLOSE is 139m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 40% of detached houses in Faldingworth, based on EPC data. The below chart shows the distribution of detached houses by size in Faldingworth, and where 3 TRUMAN CLOSE lies on this distribution: 36% of detached houses are smaller than 3 TRUMAN CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

3 TRUMAN CLOSE: Plot and Title Map

3 TRUMAN CLOSE sits on a plot of roughly 0.160 of an acre, or 648m². The below map shows the location of 3 TRUMAN 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 3 TRUMAN 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 3 TRUMAN CLOSE?

3 TRUMAN CLOSE is located in FALDINGWORTH, in the LN8 postcode district. The below map shows the position of No. 3 on TRUMAN CLOSE.