15, MEADOW DRIVE, BINBROOK, MARKET RASEN, LN8 6DA - £124,950

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

15 MEADOW DRIVE is a very small detached house of 73m², built sometime between 1983 and 1990. It was last sold for £124,950 in February 2014, which was around 26% below the average February 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2013, where the current energy rating was D, and the potential energy rating was B.

15 MEADOW DRIVE Sold Prices

Land registry data shows three sales for 15 MEADOW DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three 15 MEADOW DRIVE sales were for below the average price, whilst one was 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
2014 18 FEB	£124,950	£168,336	26% below HPI
2013 14 MAY	£107,000	£170,620	37% below HPI
1997 30 APR	£66,500	£58,054	15% above HPI

15 MEADOW DRIVE 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 three 15 MEADOW DRIVE sales between April 1997 and February 2014 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 May 2013 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the February 2014 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

How Large is 15 MEADOW DRIVE?

15 MEADOW DRIVE is 73m² according to the EPC inspection conducted in January 2013. This puts it in the smallest 20% of detached houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where 15 MEADOW DRIVE lies on this distribution: 12% of detached houses are smaller than 15 MEADOW DRIVE, and 87% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

15 MEADOW DRIVE: Plot and Title Map

15 MEADOW DRIVE sits on a plot of roughly 0.106 of an acre, or 427m². The below map shows the location of 15 MEADOW DRIVE, 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 15 MEADOW DRIVE). 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 15 MEADOW DRIVE?

15 MEADOW DRIVE is located in BINBROOK, in the LN8 postcode district. The below map shows the position of No. 15 on MEADOW DRIVE.