4, ROUTLAND CLOSE, WRAGBY, MARKET RASEN, LN8 5SN - £230,000

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 ROUTLAND CLOSE is a very large detached house of 129m², built sometime between 1991 and 1995, which could now be worth an estimated £375,685. It was last sold for £230,000 in May 2010, which was around 32% above the average May 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2024, where the current energy rating was E, and the potential energy rating was B.

4 ROUTLAND CLOSE Sold Prices

Land registry data shows three sales for 4 ROUTLAND CLOSE 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 ROUTLAND 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
2010 26 MAY	£230,000	£174,415	32% above HPI
2006 22 AUG	£215,000	£179,551	20% above HPI
1995 9 JUN	£91,000	£55,052	65% above HPI

4 ROUTLAND CLOSE 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 ROUTLAND CLOSE sales between June 1995 and May 2010 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 2006 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the May 2010 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 4 ROUTLAND CLOSE be worth now?

4 ROUTLAND CLOSE might now be worth an estimated £375,685.

This is based on house price inflation of 63.3%, between May 2010 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 63.3% inflationary increase is applied to the most recent sale price for 4 ROUTLAND CLOSE of £230,000 on 26th May 2010. For the value to have increased from £230,000 to £375,685 over the thirteen years and five months to December 2024, the following assumptions must hold true:

• The value of 4 ROUTLAND CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2010 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 4 ROUTLAND CLOSE has not materially changed since May 2010.

How Large is 4 ROUTLAND CLOSE?

4 ROUTLAND CLOSE is 129m² according to the EPC inspection conducted in March 2024. This puts it in the largest 20% 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 ROUTLAND CLOSE lies on this distribution: 84% of detached houses houses are smaller than 4 ROUTLAND CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Wragby.

4 ROUTLAND CLOSE: Plot and Title Map

4 ROUTLAND CLOSE sits on a plot of roughly 0.204 of an acre, or 825m². The below map shows the location of 4 ROUTLAND 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 ROUTLAND 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 ROUTLAND CLOSE?

4 ROUTLAND CLOSE is located in WRAGBY, in the LN8 postcode district. The below map shows the position of No. 4 on ROUTLAND CLOSE.