8, LUDFORD ROAD, BINBROOK, MARKET RASEN, LN8 6DR - £138,000

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

8 LUDFORD ROAD is a very small semi-detached house of 78m², built sometime before 1900. It was last sold for £138,000 in November 2016, which was around 30% below the average November 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

8 LUDFORD ROAD Sold Prices

Land registry data shows three sales for 8 LUDFORD ROAD 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 8 LUDFORD ROAD 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
2016 9 NOV	£138,000	£197,814	30% below HPI
2008 28 JUL	£100,000	£177,442	44% below HPI
2003 3 APR	£50,000	£123,486	60% below HPI

8 LUDFORD ROAD 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 8 LUDFORD ROAD sales between April 2003 and November 2016 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 July 2008 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2016 sale, where it rises to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 8 LUDFORD ROAD?

8 LUDFORD ROAD is 78m² according to the EPC inspection conducted in May 2023. 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 8 LUDFORD ROAD lies on this distribution: 18% of detached houses are smaller than 8 LUDFORD ROAD, and 80% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

8 LUDFORD ROAD: Plot and Title Map

8 LUDFORD ROAD sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 8 LUDFORD ROAD, 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 8 LUDFORD ROAD). 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 8 LUDFORD ROAD?

8 LUDFORD ROAD is located in BINBROOK, in the LN8 postcode district. The below map shows the position of No. 8 on LUDFORD ROAD.