4, OLD GRAMMAR SCHOOL WAY, WRAGBY, MARKET RASEN, LN8 5DA - £170,000

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 OLD GRAMMAR SCHOOL WAY is a very small extended detached house of 65m², built sometime between 1996 and 2002, which could now be worth an estimated £220,059. It was last sold for £170,000 in July 2020, which was around 23% below the average July 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2018, where the current energy rating was E, and the potential energy rating was D.

4 OLD GRAMMAR SCHOOL WAY Sold Prices

Land registry data shows three sales for 4 OLD GRAMMAR SCHOOL WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 4 OLD GRAMMAR SCHOOL WAY 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 31 JUL	£170,000	£220,085	23% below HPI
2018 15 JUN	£145,000	£213,690	32% below HPI
2003 24 OCT	£89,500	£139,872	36% below HPI

4 OLD GRAMMAR SCHOOL 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 three 4 OLD GRAMMAR SCHOOL WAY sales between October 2003 and July 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 June 2018 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the July 2020 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 4 OLD GRAMMAR SCHOOL WAY be worth now?

4 OLD GRAMMAR SCHOOL WAY might now be worth an estimated £220,059.

This is based on house price inflation of 29.4%, between July 2020 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 29.4% inflationary increase is applied to the most recent sale price for 4 OLD GRAMMAR SCHOOL WAY of £170,000 on 31st July 2020. For the value to have increased from £170,000 to £220,059 over the three years and seven months to December 2024, the following assumptions must hold true:

• The value of 4 OLD GRAMMAR SCHOOL WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2020 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of 4 OLD GRAMMAR SCHOOL WAY has not materially changed since July 2020.

How Large is 4 OLD GRAMMAR SCHOOL WAY?

4 OLD GRAMMAR SCHOOL WAY is 65m², which includes one extension, according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% 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 4 OLD GRAMMAR SCHOOL WAY lies on this distribution: 9% of detached houses houses are smaller than 4 OLD GRAMMAR SCHOOL WAY, and 91% of houses are larger. Note that EPC data is not available for all properties in Wragby.

4 OLD GRAMMAR SCHOOL WAY: Plot and Title Map

4 OLD GRAMMAR SCHOOL WAY sits on a plot of roughly 0.091 of an acre, or 370m². The below map shows the location of 4 OLD GRAMMAR SCHOOL 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 4 OLD GRAMMAR SCHOOL 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 4 OLD GRAMMAR SCHOOL WAY?

4 OLD GRAMMAR SCHOOL WAY is located in WRAGBY, in the LN8 postcode district. The below map shows the position of No. 4 on OLD GRAMMAR SCHOOL WAY.