3, WELLESLEY CLOSE, MARKET RASEN, LN8 3EJ - £130,000

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 WELLESLEY CLOSE is a small extended detached house of 95m², built sometime between 1983 and 1990. It was last sold for £130,000 in June 2015, which was around 31% below the average June 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2012, where the current energy rating was D, and the potential energy rating was C.

3 WELLESLEY CLOSE Sold Prices

Land registry data shows two sales for 3 WELLESLEY CLOSE since 1st 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 3 WELLESLEY CLOSE sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

DatePriceHPI PriceVariation from HPI
2015
12 JUN
£130,000£188,193
down arrow
31% below HPI
2013
21 JAN
£125,000£174,157
down arrow
28% below HPI

3 WELLESLEY 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 3 WELLESLEY CLOSE sales from January 2013 and June 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 January 2013 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2015 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

3, WELLESLEY CLOSE, MARKET RASEN, LN8 3EJ: Price paid vs HM Land Registry's House Price Index

How Large is 3 WELLESLEY CLOSE?

3 WELLESLEY CLOSE is 95m², which includes one extension, according to the EPC inspection conducted in May 2012. This puts it in the smallest 40% of detached houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where 3 WELLESLEY CLOSE lies on this distribution: 35% of detached houses are smaller than 3 WELLESLEY CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

3, WELLESLEY CLOSE, MARKET RASEN, LN8 3EJ: Size of property relative to detached houses in Market Rasen

3 WELLESLEY CLOSE: Plot and Title Map

3 WELLESLEY CLOSE sits on a plot of roughly 0.124 of an acre, or 503m². The below map shows the location of 3 WELLESLEY 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 WELLESLEY 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.

3, WELLESLEY CLOSE, MARKET RASEN, LN8 3EJ: Plot and title map

Where is 3 WELLESLEY CLOSE?

3 WELLESLEY CLOSE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 3 on WELLESLEY CLOSE.

3, WELLESLEY CLOSE, MARKET RASEN, LN8 3EJ: Location map and indicative extent of plot

All sales of detached houses on WELLESLEY CLOSE

1, WELLESLEY CLOSE, MARKET RASEN, LN8 3EJ
2022
4 APR
£222,500
3, WELLESLEY CLOSE, MARKET RASEN, LN8 3EJ
2015
12 JUN
£130,000
3, WELLESLEY CLOSE, MARKET RASEN, LN8 3EJ
2013
21 JAN
£125,000
7, WELLESLEY CLOSE, MARKET RASEN, LN8 3EJ
1998
31 JUL
£54,950
Source: HM Land Registry Price Paid Data
Licence: Contains HM Land Registry data © Crown copyright and database right 2024. This data is licensed under the Open Government Licence v3.0.
Source: HM Land Registry UK House Price Index
Licence: Contains HM Land Registry data © Crown copyright and database right 2024. This data is licensed under the Open Government Licence v3.0.
Copyright statement: This information is subject to Crown copyright and database rights 2024 and is reproduced with the permission of HM Land Registry. The polygons (including the associated geometry, namely x, y co-ordinates) are subject to Crown copyright and database rights 2024 Ordnance Survey 100026316. Conditions of use.