9, 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

9 SOUTHFIELDS is a very small extended detached house of 76m², built sometime between 1976 and 1982. It was last sold for £177,000 in February 2018, which was around 15% below the average February 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2017, where the current energy rating was D, and the potential energy rating was C.

9 SOUTHFIELDS Sold Prices

Land registry data shows two sales for 9 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 9 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
2018 9 FEB	£177,000	£208,569	15% below HPI
1998 3 APR	£55,000	£60,367	9% below HPI

9 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 9 SOUTHFIELDS sales from April 1998 and February 2018 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 April 1998 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the February 2018 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 9 SOUTHFIELDS?

9 SOUTHFIELDS is 76m², which includes one extension, according to the EPC inspection conducted in April 2017. 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 9 SOUTHFIELDS lies on this distribution: 17% of detached houses are smaller than 9 SOUTHFIELDS, and 83% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

9 SOUTHFIELDS: Plot and Title Map

9 SOUTHFIELDS sits on a plot of roughly 0.195 of an acre, or 789m². The below map shows the location of 9 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 9 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 9 SOUTHFIELDS?

9 SOUTHFIELDS is located in BINBROOK, in the LN8 postcode district. The below map shows the position of No. 9 on SOUTHFIELDS.