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

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.

1 SOUTH RISE is a small detached house of 86m², built sometime between 1991 and 1995, which could now be worth an estimated £263,680. It was last sold for £247,000 in April 2022, which was around 8% 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	£268,144	8% below HPI
2019 25 SEP	£180,000	£224,683	20% below HPI
2017 4 SEP	£165,000	£213,464	23% below HPI
2007 3 AUG	£151,000	£195,098	23% below HPI
2002 19 JUL	£99,000	£102,997	4% below HPI
1996 26 JUL	£34,000	£57,706	41% 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 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the April 2022 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 1 SOUTH RISE be worth now?

1 SOUTH RISE might now be worth an estimated £263,680.

This is based on house price inflation of 6.8%, between April 2022 and February 2025, for detached 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 6.8% inflationary increase is applied to the most recent sale price for 1 SOUTH RISE of £247,000 on 29th April 2022. For the value to have increased from £247,000 to £263,680 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 1 SOUTH RISE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The April 2022 sale price of £247,000 represented a fair market value for the property.
• The size, condition, and specification of 1 SOUTH RISE has not materially changed since April 2022.

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 houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Binbrook, and where 1 SOUTH RISE lies on this distribution: 31% of detached houses 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.