5, WELLESLEY CLOSE, MARKET RASEN, LN8 3EJ - £162,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

5 WELLESLEY CLOSE is a very small detached house of 49m², built sometime between 1983 and 1990. It was last sold for £162,000 in March 2022, which was around 41% below the average March 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2015, where the current energy rating was D, and the potential energy rating was B.

5 WELLESLEY CLOSE Sold Prices

Land registry data shows two sales for 5 WELLESLEY 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 5 WELLESLEY 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
2022 31 MAR	£162,000	£273,442	41% below HPI
2016 6 JAN	£124,000	£199,792	38% below HPI

5 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 5 WELLESLEY CLOSE sales from January 2016 and March 2022 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 2016 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the March 2022 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is 5 WELLESLEY CLOSE?

5 WELLESLEY CLOSE is 49m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% 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 5 WELLESLEY CLOSE lies on this distribution: Less than 1% of detached houses are smaller than 5 WELLESLEY CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

5 WELLESLEY CLOSE: Plot and Title Map

5 WELLESLEY CLOSE sits on a plot of roughly 0.080 of an acre, or 326m². The below map shows the location of 5 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 5 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.

Where is 5 WELLESLEY CLOSE?

5 WELLESLEY CLOSE is located in MARKET RASEN, in the LN8 postcode district. The below map shows the position of No. 5 on WELLESLEY CLOSE.