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

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

EASTGATE is a large extended detached house of 104m², built sometime between 1950 and 1966. It was last sold for £270,000 in November 2019, which was around 20% 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	£225,476	20% above HPI
1996 28 JUN	£60,000	£55,828	7% 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 7% above the HPI. So the extrapolation line tracks at 7% above the HPI over time, until the November 2019 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

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 in Wragby, based on EPC data. The below chart shows the distribution of detached houses by size in Wragby, and where EASTGATE lies on this distribution: 63% of detached 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.