1, TRUMAN CLOSE, FALDINGWORTH, MARKET RASEN, LN8 3FG - £281,500

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.

1 TRUMAN CLOSE is a large detached house of 185m², built sometime between 2003 and 2006, which could now be worth an estimated £339,322. It was last sold for £281,500 in May 2020, which was around 24% above the average May 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2012, where the current energy rating was C, and the potential energy rating was C.

1 TRUMAN CLOSE Sold Prices

Land registry data shows three sales for 1 TRUMAN CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 1 TRUMAN CLOSE 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
2020 27 MAY	£281,500	£227,613	24% above HPI
2017 20 OCT	£258,000	£216,935	19% above HPI
2004 27 OCT	£249,950	£174,583	43% above HPI

1 TRUMAN CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 1 TRUMAN CLOSE sales between October 2004 and May 2020 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 2017 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the May 2020 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might 1 TRUMAN CLOSE be worth now?

1 TRUMAN CLOSE might now be worth an estimated £339,322.

This is based on house price inflation of 20.5%, between May 2020 and June 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.5% inflationary increase is applied to the most recent sale price for 1 TRUMAN CLOSE of £281,500 on 27th May 2020. For the value to have increased from £281,500 to £339,322 over the four years and eleven months to June 2025, the following assumptions must hold true:

• The value of 1 TRUMAN CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2020 sale price of £281,500 represented a fair market value for the property.
• The size, condition, and specification of 1 TRUMAN CLOSE has not materially changed since May 2020.

How Large is 1 TRUMAN CLOSE?

1 TRUMAN CLOSE is 185m² according to the EPC inspection conducted in February 2012. This puts it in the largest 40% of detached houses houses in Faldingworth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Faldingworth, and where 1 TRUMAN CLOSE lies on this distribution: 68% of detached houses houses are smaller than 1 TRUMAN CLOSE, and 32% of houses are larger. Note that EPC data is not available for all properties in Faldingworth.

1 TRUMAN CLOSE: Plot and Title Map

1 TRUMAN CLOSE sits on a plot of roughly 0.136 of an acre, or 549m². The below map shows the location of 1 TRUMAN CLOSE, 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 1 TRUMAN CLOSE). 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 1 TRUMAN CLOSE?

1 TRUMAN CLOSE is located in FALDINGWORTH, in the LN8 postcode district. The below map shows the position of No. 1 on TRUMAN CLOSE.