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

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.

6 SOUTHFIELDS is a very small detached house of 71m², built sometime between 1967 and 1975, which could now be worth an estimated £253,133. It was last sold for £215,000 in July 2021, which was around 12% 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	£243,130	12% below HPI
2018 21 MAY	£147,000	£212,070	31% 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 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the July 2021 sale, where it rises to 12% below the HPI. The line then continues to track at 12% below the HPI.

What might 6 SOUTHFIELDS be worth now?

6 SOUTHFIELDS might now be worth an estimated £253,133.

This is based on house price inflation of 17.7%, between July 2021 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 17.7% inflationary increase is applied to the most recent sale price for 6 SOUTHFIELDS of £215,000 on 27th July 2021. For the value to have increased from £215,000 to £253,133 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 6 SOUTHFIELDS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The July 2021 sale price of £215,000 represented a fair market value for the property.
• The size, condition, and specification of 6 SOUTHFIELDS has not materially changed since July 2021.

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 houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses houses by size in Binbrook, and where 6 SOUTHFIELDS lies on this distribution: 11% of detached houses 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.