7, MEADOW DRIVE, BINBROOK, MARKET RASEN, LN8 6DA - £238,000

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.

7 MEADOW DRIVE is a very small detached house of 74m², built sometime between 1996 and 2002, which could now be worth an estimated £243,572. It was last sold for £238,000 in August 2022, which was around 15% below the average August 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was B.

7 MEADOW DRIVE Sold Prices

Land registry data shows three sales for 7 MEADOW DRIVE 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. All of the three 7 MEADOW DRIVE 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
2022 19 AUG	£238,000	£279,704	15% below HPI
2018 13 AUG	£175,000	£221,643	21% below HPI
1997 17 SEP	£59,495	£63,452	6% below HPI

7 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 three 7 MEADOW DRIVE sales between September 1997 and August 2022 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 August 2018 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the August 2022 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 7 MEADOW DRIVE be worth now?

7 MEADOW DRIVE might now be worth an estimated £243,572.

This is based on house price inflation of 2.3%, between August 2022 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 2.3% inflationary increase is applied to the most recent sale price for 7 MEADOW DRIVE of £238,000 on 19th August 2022. For the value to have increased from £238,000 to £243,572 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 7 MEADOW DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2022 sale price of £238,000 represented a fair market value for the property.
• The size, condition, and specification of 7 MEADOW DRIVE has not materially changed since August 2022.

How Large is 7 MEADOW DRIVE?

7 MEADOW DRIVE is 74m² according to the EPC inspection conducted in April 2018. 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 7 MEADOW DRIVE lies on this distribution: 14% of detached houses houses are smaller than 7 MEADOW DRIVE, and 86% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

7 MEADOW DRIVE: Plot and Title Map

7 MEADOW DRIVE sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 7 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 7 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 7 MEADOW DRIVE?

7 MEADOW DRIVE is located in BINBROOK, in the LN8 postcode district. The below map shows the position of No. 7 on MEADOW DRIVE.