THE OLD OFFICES, LINCOLN ROAD, WRAGBY, MARKET RASEN, LN8 5ND - £212,000

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.

THE OLD OFFICES is a very large extended terraced house of 137m², built sometime between 1900 and 1929, which could now be worth an estimated £270,553. It was last sold for £212,000 in May 2020, which was around 84% above the average May 2020 terraced price in the East Lindsey local authority area. The most recent EPC inspection was December 2012, where the current energy rating was E, and the potential energy rating was C.

THE OLD OFFICES Sold Prices

Land registry data shows three sales for THE OLD OFFICES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. All of the three THE OLD OFFICES 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 11 MAY	£212,000	£115,184	84% above HPI
2014 31 MAR	£125,000	£91,056	37% above HPI
2003 12 DEC	£145,000	£72,649	100% above HPI

THE OLD OFFICES Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Lindsey local authority area over time, sourced from the HPI. The three THE OLD OFFICES sales between December 2003 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 March 2014 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the May 2020 sale, where it rises to 84% above the HPI. The line then continues to track at 84% above the HPI.

What might THE OLD OFFICES be worth now?

THE OLD OFFICES might now be worth an estimated £270,553.

This is based on house price inflation of 27.6%, between May 2020 and August 2025, for terraced 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 27.6% inflationary increase is applied to the most recent sale price for THE OLD OFFICES of £212,000 on 11th May 2020. For the value to have increased from £212,000 to £270,553 over the four years and nine months to August 2025, the following assumptions must hold true:

• The value of THE OLD OFFICES has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The May 2020 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD OFFICES has not materially changed since May 2020.

How Large is THE OLD OFFICES?

THE OLD OFFICES is 137m², which includes one extension, according to the EPC inspection conducted in December 2012. This puts it in the largest 20% of terraced houses houses in Wragby, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Wragby, and where THE OLD OFFICES lies on this distribution: 88% of terraced houses houses are smaller than THE OLD OFFICES, and 11% of houses are larger. Note that EPC data is not available for all properties in Wragby.

THE OLD OFFICES: Plot and Title Map

THE OLD OFFICES sits on a plot of roughly 0.126 of an acre, or 509m². The below map shows the location of THE OLD OFFICES, 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 OLD OFFICES). 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 OLD OFFICES?

THE OLD OFFICES is located on LINCOLN ROAD in WRAGBY, in the LN8 postcode district. The below map shows the position of THE OLD OFFICES on LINCOLN ROAD.