ALGONQUIN, NORTH HALLS, BINBROOK, MARKET RASEN, LN8 6DQ - £125,000

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.

ALGONQUIN is a small extended terraced house of 84m², built sometime before 1900, which could now be worth an estimated £130,223. It was last sold for £125,000 in October 2021, which was around 6% below the average October 2021 terraced price in the East Lindsey local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

ALGONQUIN Sold Prices

Land registry data shows two sales for ALGONQUIN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the East Lindsey local authority area for the corresponding sale date. Both of the two ALGONQUIN 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 22 OCT	£125,000	£133,215	6% below HPI
2008 17 APR	£74,000	£98,677	25% below HPI

ALGONQUIN Price Paid vs. HPI Average

The below graph shows the average terraced house price in the East Lindsey local authority area over time, sourced from the HPI. The two ALGONQUIN sales from April 2008 and October 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 April 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the October 2021 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might ALGONQUIN be worth now?

ALGONQUIN might now be worth an estimated £130,223.

This is based on house price inflation of 4.2%, between October 2021 and July 2025, for terraced 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 4.2% inflationary increase is applied to the most recent sale price for ALGONQUIN of £125,000 on 22nd October 2021. For the value to have increased from £125,000 to £130,223 over the four years and three months to July 2025, the following assumptions must hold true:

• The value of ALGONQUIN has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The October 2021 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of ALGONQUIN has not materially changed since October 2021.

How Large is ALGONQUIN?

ALGONQUIN is 84m², which includes one extension, according to the EPC inspection conducted in August 2018. This puts it in the smallest 30% of terraced houses houses in Binbrook, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Binbrook, and where ALGONQUIN lies on this distribution: 27% of terraced houses houses are smaller than ALGONQUIN, and 72% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

ALGONQUIN: Plot and Title Map

ALGONQUIN sits on a plot of roughly 0.098 of an acre, or 396m². The below map shows the location of ALGONQUIN, 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 ALGONQUIN). 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 ALGONQUIN?

ALGONQUIN is located on NORTH HALLS in BINBROOK, in the LN8 postcode district. The below map shows the position of ALGONQUIN on NORTH HALLS.