8, SOUTHFIELDS, BINBROOK, MARKET RASEN, LN8 6DX - £177,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

8 SOUTHFIELDS is a midsized detached house of 109m², built sometime between 1996 and 2002. It was last sold for £177,000 in September 2014, which was about the average September 2014 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2013, where the current energy rating was D, and the potential energy rating was B.

8 SOUTHFIELDS Sold Prices

Land registry data shows two sales for 8 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. One of the two 8 SOUTHFIELDS sales was roughly equal to the average price, whilst the other was 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
2014 12 SEP	£177,000	£177,757	Close to HPI
1999 17 JUN	£57,000	£66,527	14% below HPI

8 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 8 SOUTHFIELDS sales from June 1999 and September 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 1999 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the September 2014 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 8 SOUTHFIELDS?

8 SOUTHFIELDS is 109m² according to the EPC inspection conducted in March 2013. This puts it in the largest 50% 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 SOUTHFIELDS lies on this distribution: 59% of detached houses are smaller than 8 SOUTHFIELDS, and 41% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

8 SOUTHFIELDS: Plot and Title Map

8 SOUTHFIELDS sits on a plot of roughly 0.171 of an acre, or 691m². The below map shows the location of 8 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 8 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 8 SOUTHFIELDS?

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