EASTGATE, LOUTH ROAD, WRAGBY, MARKET RASEN, LN8 5PH - £270,000

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.

EASTGATE is a large extended detached house of 104m², built sometime between 1950 and 1966, which could now be worth an estimated £337,853. It was last sold for £270,000 in November 2019, which was around 18% above the average November 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2019, where the current energy rating was F, and the potential energy rating was C.

EASTGATE Sold Prices

Land registry data shows two sales for EASTGATE 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 EASTGATE 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
2019 15 NOV	£270,000	£228,762	18% above HPI
1996 28 JUN	£60,000	£56,642	6% above HPI

EASTGATE 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 EASTGATE sales from June 1996 and November 2019 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 June 1996 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the November 2019 sale, where it rises to 18% above the HPI. The line then continues to track at 18% above the HPI.

What might EASTGATE be worth now?

EASTGATE might now be worth an estimated £337,853.

This is based on house price inflation of 25.1%, between November 2019 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 25.1% inflationary increase is applied to the most recent sale price for EASTGATE of £270,000 on 15th November 2019. For the value to have increased from £270,000 to £337,853 over the six years and nine months to February 2025, the following assumptions must hold true:

• The value of EASTGATE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2019 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of EASTGATE has not materially changed since November 2019.

How Large is EASTGATE?

EASTGATE is 104m², which includes two extensions, according to the EPC inspection conducted in September 2019. This puts it in the largest 40% 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 EASTGATE lies on this distribution: 63% of detached houses houses are smaller than EASTGATE, and 36% of houses are larger. Note that EPC data is not available for all properties in Wragby.

EASTGATE: Plot and Title Map

EASTGATE sits on a plot of roughly 0.286 of an acre, or 1,158m². The below map shows the location of EASTGATE, 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 EASTGATE). 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 EASTGATE?

EASTGATE is located on LOUTH ROAD in WRAGBY, in the LN8 postcode district. The below map shows the position of EASTGATE on LOUTH ROAD.