THE PINES, LOUTH ROAD, WRAGBY, MARKET RASEN, LN8 5LB - £400,000

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

THE PINES is a very large detached house of 180m², built sometime between 1983 and 1990. It was last sold for £400,000 in September 2021, which was around 63% above the average September 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2021, where the current energy rating was D, and the potential energy rating was C.

THE PINES Sold Prices

Land registry data shows three sales for THE PINES 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. All of the three THE PINES 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 29 SEP	£400,000	£245,698	63% above HPI
2019 29 APR	£325,000	£220,042	48% above HPI
2012 21 AUG	£265,000	£164,970	61% above HPI

THE PINES 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 THE PINES sales between August 2012 and September 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 April 2019 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the September 2021 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

How Large is THE PINES?

THE PINES is 180m² according to the EPC inspection conducted in July 2021. This puts it in the largest 10% of detached houses in Wragby, based on EPC data. The below chart shows the distribution of detached houses by size in Wragby, and where THE PINES lies on this distribution: 96% of detached houses are smaller than THE PINES, and 4% of houses are larger. Note that EPC data is not available for all properties in Wragby.

THE PINES: Plot and Title Map

THE PINES sits on a plot of roughly 0.453 of an acre, or 1,834m². The below map shows the location of THE PINES, 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 THE PINES). 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 THE PINES?

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