4, CHARLOTTE CLOSE, MARKET RASEN, LN8 3HG - £210,000

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

4 CHARLOTTE CLOSE is a very small detached house of 77m², built sometime between 1983 and 1990, which could now be worth an estimated £246,413. It was last sold for £210,000 in December 2020, which was around 14% below the average December 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

4 CHARLOTTE CLOSE Sold Prices

Land registry data shows two sales for 4 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 4 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
2020 7 DEC	£210,000	£242,816	14% below HPI
2014 22 OCT	£145,000	£186,216	22% below HPI

4 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 4 CHARLOTTE CLOSE sales from October 2014 and December 2020 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 October 2014 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2020 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 4 CHARLOTTE CLOSE be worth now?

4 CHARLOTTE CLOSE might now be worth an estimated £246,413.

This is based on house price inflation of 17.3%, between December 2020 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 17.3% inflationary increase is applied to the most recent sale price for 4 CHARLOTTE CLOSE of £210,000 on 7th December 2020. For the value to have increased from £210,000 to £246,413 over the four years to December 2024, the following assumptions must hold true:

• The value of 4 CHARLOTTE CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2020 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of 4 CHARLOTTE CLOSE has not materially changed since December 2020.

How Large is 4 CHARLOTTE CLOSE?

4 CHARLOTTE CLOSE is 77m² according to the EPC inspection conducted in June 2014. 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 4 CHARLOTTE CLOSE lies on this distribution: 14% of detached houses houses are smaller than 4 CHARLOTTE CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

4 CHARLOTTE CLOSE: Plot and Title Map

4 CHARLOTTE CLOSE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 4 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 4 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 4 CHARLOTTE CLOSE?

4 CHARLOTTE CLOSE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 4 on CHARLOTTE CLOSE.