3, CHESTNUT WAY, BINBROOK, MARKET RASEN, LN8 6DD - £230,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

3 CHESTNUT WAY is a very small detached house of 70m², built sometime between 1991 and 1995. It was last sold for £230,000 in September 2024, which was around 16% below the average September 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

3 CHESTNUT WAY Sold Prices

Land registry data shows two sales for 3 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 3 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
2024 27 SEP	£230,000	£274,077	16% below HPI
2018 2 NOV	£170,000	£217,913	22% below HPI

3 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 3 CHESTNUT WAY sales from November 2018 and September 2024 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 November 2018 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the September 2024 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 3 CHESTNUT WAY?

3 CHESTNUT WAY is 70m² according to the EPC inspection conducted in August 2018. 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 3 CHESTNUT WAY lies on this distribution: 8% of detached houses are smaller than 3 CHESTNUT WAY, and 90% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

3 CHESTNUT WAY: Plot and Title Map

3 CHESTNUT WAY sits on a plot of roughly 0.095 of an acre, or 384m². The below map shows the location of 3 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 3 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 3 CHESTNUT WAY?

3 CHESTNUT WAY is located in BINBROOK, in the LN8 postcode district. The below map shows the position of No. 3 on CHESTNUT WAY.