1, SOUTH RISE, BINBROOK, MARKET RASEN, LN8 6DP - £247,000

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

1 SOUTH RISE is a small detached house of 86m², built sometime between 1991 and 1995. It was last sold for £247,000 in April 2022, which was around 7% below the average April 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was A.

1 SOUTH RISE Sold Prices

Land registry data shows six sales for 1 SOUTH RISE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the six 1 SOUTH RISE sales 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
2022 29 APR	£247,000	£264,293	7% below HPI
2019 25 SEP	£180,000	£221,456	19% below HPI
2017 4 SEP	£165,000	£210,398	22% below HPI
2007 3 AUG	£151,000	£192,296	21% below HPI
2002 19 JUL	£99,000	£101,518	2% below HPI
1996 26 JUL	£34,000	£56,877	40% below HPI

1 SOUTH RISE 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 six 1 SOUTH RISE sales between July 1996 and April 2022 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 September 2019 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the April 2022 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

How Large is 1 SOUTH RISE?

1 SOUTH RISE is 86m² according to the EPC inspection conducted in April 2017. This puts it in the smallest 40% of detached houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where 1 SOUTH RISE lies on this distribution: 32% of detached houses are smaller than 1 SOUTH RISE, and 67% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

1 SOUTH RISE: Plot and Title Map

1 SOUTH RISE sits on a plot of roughly 0.077 of an acre, or 313m². The below map shows the location of 1 SOUTH RISE, 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 SOUTH RISE). 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 SOUTH RISE?

1 SOUTH RISE is located in BINBROOK, in the LN8 postcode district. The below map shows the position of No. 1 on SOUTH RISE.