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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 SOUTH RISE is a small detached house of 85m², built sometime between 1967 and 1975. It was last sold for £149,950 in September 2006, which was around 15% 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. One of the three 2 SOUTH RISE sales was for below the average price, whilst two were 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
2006 11 SEP	£149,950	£176,340	15% below HPI
2000 1 MAR	£73,000	£72,210	1% above HPI
1998 27 FEB	£70,000	£62,385	12% 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 was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the September 2006 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

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 in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where 2 SOUTH RISE lies on this distribution: 29% of detached 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.