LYNFIELD, LOUTH ROAD, WRAGBY, MARKET RASEN, LN8 5PH - £181,000

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

LYNFIELD is a very large extended detached house of 130m², built sometime between 1950 and 1966. It was last sold for £181,000 in March 2008, which was around 2% above the average March 2008 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2024, where the current energy rating was C, and the potential energy rating was C.

LYNFIELD Sold Prices

Land registry data shows three sales for LYNFIELD 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. One of the three LYNFIELD sales was for above the average price, whilst two 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
2008 7 MAR	£181,000	£176,636	2% above HPI
1998 6 FEB	£59,500	£62,385	5% below HPI
1997 6 MAY	£51,000	£59,416	14% below HPI

LYNFIELD 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 LYNFIELD sales between May 1997 and March 2008 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 February 1998 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the March 2008 sale, where it rises to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is LYNFIELD?

LYNFIELD is 130m², which includes two extensions, according to the EPC inspection conducted in August 2024. This puts it in the largest 20% of detached houses in Wragby, based on EPC data. The below chart shows the distribution of detached houses by size in Wragby, and where LYNFIELD lies on this distribution: 86% of detached houses are smaller than LYNFIELD, and 13% of houses are larger. Note that EPC data is not available for all properties in Wragby.

LYNFIELD: Plot and Title Map

LYNFIELD sits on a plot of roughly 0.179 of an acre, or 725m². The below map shows the location of LYNFIELD, 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 LYNFIELD). 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 LYNFIELD?

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