INDIA HOPE, SILVER STREET, WRAGBY, MARKET RASEN, LN8 5PJ - £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.

INDIA HOPE is a large detached house of 104m², which could now be worth an estimated £312,335. It was last sold for £270,000 in August 2021, which was around 9% above the average August 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was C.

INDIA HOPE Sold Prices

Land registry data shows two sales for INDIA HOPE 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 INDIA HOPE 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
2021 19 AUG	£270,000	£247,452	9% above HPI
2020 23 OCT	£260,000	£226,387	15% above HPI

INDIA HOPE 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 INDIA HOPE sales from October 2020 and August 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 October 2020 sale was for 15% above the HPI. So the extrapolation line tracks at 15% above the HPI over time, until the August 2021 sale, where it falls to 9% above the HPI. The line then continues to track at 9% above the HPI.

What might INDIA HOPE be worth now?

INDIA HOPE might now be worth an estimated £312,335.

This is based on house price inflation of 15.7%, between August 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 15.7% inflationary increase is applied to the most recent sale price for INDIA HOPE of £270,000 on 19th August 2021. For the value to have increased from £270,000 to £312,335 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of INDIA HOPE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2021 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of INDIA HOPE has not materially changed since August 2021.

How Large is INDIA HOPE?

INDIA HOPE is 104m² according to the EPC inspection conducted in July 2020. 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 INDIA HOPE lies on this distribution: 63% of detached houses houses are smaller than INDIA HOPE, and 36% of houses are larger. Note that EPC data is not available for all properties in Wragby.

INDIA HOPE: Plot and Title Map

INDIA HOPE sits on a plot of roughly 0.071 of an acre, or 288m². The below map shows the location of INDIA HOPE, 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 INDIA HOPE). 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 INDIA HOPE?

INDIA HOPE is located on SILVER STREET in WRAGBY, in the LN8 postcode district. The below map shows the position of INDIA HOPE on SILVER STREET.