8, HORNCASTLE ROAD, WRAGBY, MARKET RASEN, LN8 5RB - £222,000

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.

8 HORNCASTLE ROAD is a midsized detached house of 89m², built sometime between 1967 and 1975, which could now be worth an estimated £265,253. It was last sold for £222,000 in January 2021, which was around 7% below the average January 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2015, where the current energy rating was E, and the potential energy rating was C.

8 HORNCASTLE ROAD Sold Prices

Land registry data shows three sales for 8 HORNCASTLE ROAD 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 8 HORNCASTLE ROAD 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
2021 8 JAN	£222,000	£239,575	7% below HPI
2016 22 MAR	£169,500	£188,811	10% below HPI
2007 2 MAR	£141,000	£185,683	24% below HPI

8 HORNCASTLE ROAD 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 8 HORNCASTLE ROAD sales between March 2007 and January 2021 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 March 2016 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the January 2021 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 8 HORNCASTLE ROAD be worth now?

8 HORNCASTLE ROAD might now be worth an estimated £265,253.

This is based on house price inflation of 19.5%, between January 2021 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 19.5% inflationary increase is applied to the most recent sale price for 8 HORNCASTLE ROAD of £222,000 on 8th January 2021. For the value to have increased from £222,000 to £265,253 over the three years and eleven months to February 2025, the following assumptions must hold true:

• The value of 8 HORNCASTLE ROAD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2021 sale price of £222,000 represented a fair market value for the property.
• The size, condition, and specification of 8 HORNCASTLE ROAD has not materially changed since January 2021.

How Large is 8 HORNCASTLE ROAD?

8 HORNCASTLE ROAD is 89m² according to the EPC inspection conducted in July 2015. This puts it in the smallest 50% 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 8 HORNCASTLE ROAD lies on this distribution: 44% of detached houses houses are smaller than 8 HORNCASTLE ROAD, and 54% of houses are larger. Note that EPC data is not available for all properties in Wragby.

8 HORNCASTLE ROAD: Plot and Title Map

8 HORNCASTLE ROAD sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of 8 HORNCASTLE ROAD, 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 8 HORNCASTLE ROAD). 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 8 HORNCASTLE ROAD?

8 HORNCASTLE ROAD is located in WRAGBY, in the LN8 postcode district. The below map shows the position of No. 8 on HORNCASTLE ROAD.