2, CHESTNUT WAY, BINBROOK, MARKET RASEN, LN8 6DD - £122,500

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

2 CHESTNUT WAY is a very small detached house of 60m², built sometime between 1983 and 1990. It was last sold for £122,500 in June 2014, which was around 30% below the average June 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2014, where the current energy rating was D, and the potential energy rating was B.

2 CHESTNUT WAY Sold Prices

Land registry data shows two sales for 2 CHESTNUT WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 2 CHESTNUT WAY 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
2014 13 JUN	£122,500	£174,182	30% below HPI
1999 12 AUG	£53,500	£67,835	21% below HPI

2 CHESTNUT WAY 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 two 2 CHESTNUT WAY sales from August 1999 and June 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 August 1999 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the June 2014 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 2 CHESTNUT WAY?

2 CHESTNUT WAY is 60m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 10% of detached houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where 2 CHESTNUT WAY lies on this distribution: 2% of detached houses are smaller than 2 CHESTNUT WAY, and 98% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

2 CHESTNUT WAY: Plot and Title Map

2 CHESTNUT WAY sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 2 CHESTNUT WAY, 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 2 CHESTNUT WAY). 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 2 CHESTNUT WAY?

2 CHESTNUT WAY is located in BINBROOK, in the LN8 postcode district. The below map shows the position of No. 2 on CHESTNUT WAY.