5, BALMORAL CLOSE, WRAGBY, MARKET RASEN, LN8 5RN - £125,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 BALMORAL CLOSE is a very small detached house of 72m², built sometime between 1983 and 1990, which could now be worth an estimated £219,785. It was last sold for £125,000 in April 2012, which was around 23% below the average April 2012 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

5 BALMORAL CLOSE Sold Prices

Land registry data shows two sales for 5 BALMORAL 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 East Lindsey local authority area for the corresponding sale date. Both of the two 5 BALMORAL 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
2012 11 APR	£125,000	£162,802	23% below HPI
2006 29 SEP	£133,000	£178,910	26% below HPI

5 BALMORAL 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 two 5 BALMORAL CLOSE sales from September 2006 and April 2012 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 September 2006 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the April 2012 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might 5 BALMORAL CLOSE be worth now?

5 BALMORAL CLOSE might now be worth an estimated £219,785.

This is based on house price inflation of 75.8%, between April 2012 and February 2025, 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 75.8% inflationary increase is applied to the most recent sale price for 5 BALMORAL CLOSE of £125,000 on 11th April 2012. For the value to have increased from £125,000 to £219,785 over the thirteen years and two months to February 2025, the following assumptions must hold true:

• The value of 5 BALMORAL CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The April 2012 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 5 BALMORAL CLOSE has not materially changed since April 2012.

How Large is 5 BALMORAL CLOSE?

5 BALMORAL CLOSE is 72m² according to the EPC inspection conducted in July 2011. This puts it in the smallest 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 5 BALMORAL CLOSE lies on this distribution: 19% of detached houses houses are smaller than 5 BALMORAL CLOSE, and 81% of houses are larger. Note that EPC data is not available for all properties in Wragby.

5 BALMORAL CLOSE: Plot and Title Map

5 BALMORAL CLOSE sits on a plot of roughly 0.109 of an acre, or 440m². The below map shows the location of 5 BALMORAL 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 5 BALMORAL 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 5 BALMORAL CLOSE?

5 BALMORAL CLOSE is located in WRAGBY, in the LN8 postcode district. The below map shows the position of No. 5 on BALMORAL CLOSE.