CHIMNEYS, ORFORD ROAD, BINBROOK, MARKET RASEN, LN8 6DU - £430,000

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.

CHIMNEYS is a very large detached house of 174m², built sometime between 1930 and 1949, which could now be worth an estimated £520,504. It was last sold for £430,000 in December 2020, which was around 82% above the average December 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2016, where the current energy rating was C, and the potential energy rating was B.

CHIMNEYS Sold Prices

Land registry data shows two sales for CHIMNEYS 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 CHIMNEYS sales were for above 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
2020 16 DEC	£430,000	£236,479	82% above HPI
2006 8 AUG	£325,000	£179,551	81% above HPI

CHIMNEYS 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 CHIMNEYS sales from August 2006 and December 2020 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 2006 sale was for 81% above the HPI. So the extrapolation line tracks at 81% above the HPI over time, until the December 2020 sale, where it rises to 82% above the HPI. The line then continues to track at 82% above the HPI.

What might CHIMNEYS be worth now?

CHIMNEYS might now be worth an estimated £520,504.

This is based on house price inflation of 21%, between December 2020 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 21% inflationary increase is applied to the most recent sale price for CHIMNEYS of £430,000 on 16th December 2020. For the value to have increased from £430,000 to £520,504 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of CHIMNEYS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2020 sale price of £430,000 represented a fair market value for the property.
• The size, condition, and specification of CHIMNEYS has not materially changed since December 2020.

How Large is CHIMNEYS?

CHIMNEYS is 174m² according to the EPC inspection conducted in March 2016. This puts it in the largest 10% 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 CHIMNEYS lies on this distribution: 91% of detached houses houses are smaller than CHIMNEYS, and 8% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

CHIMNEYS: Plot and Title Map

CHIMNEYS sits on a plot of roughly 0.251 of an acre, or 1,015m². The below map shows the location of CHIMNEYS, 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 CHIMNEYS). 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 CHIMNEYS?

CHIMNEYS is located on ORFORD ROAD in BINBROOK, in the LN8 postcode district. The below map shows the position of CHIMNEYS on ORFORD ROAD.