10, RECTORY CLOSE, BINBROOK, MARKET RASEN, LN8 6EA - £251,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

10 RECTORY CLOSE is a small detached house of 81m², built sometime between 1996 and 2002, which could now be worth an estimated £254,634. It was last sold for £251,000 in September 2022, which was around 11% below the average September 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2013, where the current energy rating was D, and the potential energy rating was B.

10 RECTORY CLOSE Sold Prices

Land registry data shows four sales for 10 RECTORY CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Most of the four 10 RECTORY CLOSE 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 21 SEP	£251,000	£282,167	11% below HPI
2018 13 APR	£175,000	£208,219	16% below HPI
2017 6 OCT	£165,000	£212,307	22% below HPI
1996 9 DEC	£62,500	£59,037	6% above HPI

10 RECTORY CLOSE 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 four 10 RECTORY CLOSE sales between December 1996 and September 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 April 2018 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the September 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 10 RECTORY CLOSE be worth now?

10 RECTORY CLOSE might now be worth an estimated £254,634.

This is based on house price inflation of 1.4%, between September 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 1.4% inflationary increase is applied to the most recent sale price for 10 RECTORY CLOSE of £251,000 on 21st September 2022. For the value to have increased from £251,000 to £254,634 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 10 RECTORY CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2022 sale price of £251,000 represented a fair market value for the property.
• The size, condition, and specification of 10 RECTORY CLOSE has not materially changed since September 2022.

How Large is 10 RECTORY CLOSE?

10 RECTORY CLOSE is 81m² according to the EPC inspection conducted in April 2013. This puts it in the smallest 30% 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 10 RECTORY CLOSE lies on this distribution: 25% of detached houses houses are smaller than 10 RECTORY CLOSE, and 75% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

10 RECTORY CLOSE: Plot and Title Map

10 RECTORY CLOSE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 10 RECTORY 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 10 RECTORY 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 10 RECTORY CLOSE?

10 RECTORY CLOSE is located in BINBROOK, in the LN8 postcode district. The below map shows the position of No. 10 on RECTORY CLOSE.