5, MEADOW DRIVE, BINBROOK, MARKET RASEN, LN8 6DA - £185,000

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.

5 MEADOW DRIVE is a midsized detached house of 102m², built sometime between 1991 and 1995, which could now be worth an estimated £299,664. It was last sold for £185,000 in June 2014, which was around 5% above 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.

5 MEADOW DRIVE Sold Prices

Land registry data shows two sales for 5 MEADOW DRIVE 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 5 MEADOW DRIVE sales 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
2014 27 JUN	£185,000	£176,720	5% above HPI
1997 20 JUN	£82,995	£60,976	36% above HPI

5 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 two 5 MEADOW DRIVE sales from June 1997 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 June 1997 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the June 2014 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 5 MEADOW DRIVE be worth now?

5 MEADOW DRIVE might now be worth an estimated £299,664.

This is based on house price inflation of 62%, between June 2014 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 62% inflationary increase is applied to the most recent sale price for 5 MEADOW DRIVE of £185,000 on 27th June 2014. For the value to have increased from £185,000 to £299,664 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 5 MEADOW DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2014 sale price of £185,000 represented a fair market value for the property.
• The size, condition, and specification of 5 MEADOW DRIVE has not materially changed since June 2014.

How Large is 5 MEADOW DRIVE?

5 MEADOW DRIVE is 102m² according to the EPC inspection conducted in February 2014. This puts it in the largest 50% 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 5 MEADOW DRIVE lies on this distribution: 52% of detached houses houses are smaller than 5 MEADOW DRIVE, and 48% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

5 MEADOW DRIVE: Plot and Title Map

5 MEADOW DRIVE sits on a plot of roughly 0.144 of an acre, or 581m². The below map shows the location of 5 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 5 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 5 MEADOW DRIVE?

5 MEADOW DRIVE is located in BINBROOK, in the LN8 postcode district. The below map shows the position of No. 5 on MEADOW DRIVE.