6, SOUTHFIELDS, BINBROOK, MARKET RASEN, LN8 6DX - £215,000

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

6 SOUTHFIELDS is a very small detached house of 71m², built sometime between 1967 and 1975. It was last sold for £215,000 in July 2021, which was around 10% below the average July 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2016, where the current energy rating was E, and the potential energy rating was B.

6 SOUTHFIELDS Sold Prices

Land registry data shows two sales for 6 SOUTHFIELDS 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 6 SOUTHFIELDS 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
2021 27 JUL	£215,000	£239,638	10% below HPI
2018 21 MAY	£147,000	£209,025	30% below HPI

6 SOUTHFIELDS 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 6 SOUTHFIELDS sales from May 2018 and July 2021 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 May 2018 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 6 SOUTHFIELDS?

6 SOUTHFIELDS is 71m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 20% of detached houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where 6 SOUTHFIELDS lies on this distribution: 11% of detached houses are smaller than 6 SOUTHFIELDS, and 89% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

6 SOUTHFIELDS: Plot and Title Map

6 SOUTHFIELDS sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of 6 SOUTHFIELDS, 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 6 SOUTHFIELDS). 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 6 SOUTHFIELDS?

6 SOUTHFIELDS is located in BINBROOK, in the LN8 postcode district. The below map shows the position of No. 6 on SOUTHFIELDS.