2, SOUTH RISE, BINBROOK, MARKET RASEN, LN8 6DP - £149,950

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.

2 SOUTH RISE is a small detached house of 85m², built sometime between 1967 and 1975, which could now be worth an estimated £239,917. It was last sold for £149,950 in September 2006, which was around 16% below the average September 2006 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was B.

2 SOUTH RISE Sold Prices

Land registry data shows three sales for 2 SOUTH RISE 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. The three 2 SOUTH RISE sales were a mix of below the average price, roughly equal to the average price, and 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
2006 11 SEP	£149,950	£178,910	16% below HPI
2000 1 MAR	£73,000	£73,262	Close to HPI
1998 27 FEB	£70,000	£63,294	11% above HPI

2 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 three 2 SOUTH RISE sales between February 1998 and September 2006 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 March 2000 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the September 2006 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 SOUTH RISE be worth now?

2 SOUTH RISE might now be worth an estimated £239,917.

This is based on house price inflation of 60%, between September 2006 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 60% inflationary increase is applied to the most recent sale price for 2 SOUTH RISE of £149,950 on 11th September 2006. For the value to have increased from £149,950 to £239,917 over the nineteen years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 SOUTH RISE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2006 sale price of £149,950 represented a fair market value for the property.
• The size, condition, and specification of 2 SOUTH RISE has not materially changed since September 2006.

How Large is 2 SOUTH RISE?

2 SOUTH RISE is 85m² according to the EPC inspection conducted in November 2023. 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 2 SOUTH RISE lies on this distribution: 29% of detached houses houses are smaller than 2 SOUTH RISE, and 69% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

2 SOUTH RISE: Plot and Title Map

2 SOUTH RISE sits on a plot of roughly 0.171 of an acre, or 693m². The below map shows the location of 2 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 2 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 2 SOUTH RISE?

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