8, ROUTLAND CLOSE, WRAGBY, MARKET RASEN, LN8 5SN - £195,000

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

8 ROUTLAND CLOSE is a midsized detached house of 89m², built sometime between 1996 and 2002. It was last sold for £195,000 in November 2020, which was around 15% below the average November 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2019, where the current energy rating was D, and the potential energy rating was B.

8 ROUTLAND CLOSE Sold Prices

Land registry data shows two sales for 8 ROUTLAND 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. One of the two 8 ROUTLAND CLOSE sales was for below the average price, whilst the other was 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
2020 20 NOV	£195,000	£229,635	15% below HPI
1997 24 APR	£75,000	£58,054	29% above HPI

8 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 two 8 ROUTLAND CLOSE sales from April 1997 and November 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 April 1997 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the November 2020 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 8 ROUTLAND CLOSE?

8 ROUTLAND CLOSE is 89m² according to the EPC inspection conducted in March 2019. This puts it in the smallest 50% of detached houses in Wragby, based on EPC data. The below chart shows the distribution of detached houses by size in Wragby, and where 8 ROUTLAND CLOSE lies on this distribution: 43% of detached houses are smaller than 8 ROUTLAND CLOSE, and 55% of houses are larger. Note that EPC data is not available for all properties in Wragby.

8 ROUTLAND CLOSE: Plot and Title Map

8 ROUTLAND CLOSE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 8 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 8 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 8 ROUTLAND CLOSE?

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