GLEN INNES, GRIMSBY ROAD, BINBROOK, MARKET RASEN, LN8 6DH - £267,000

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.

GLEN INNES is a large detached house of 117m², built sometime between 1930 and 1949, which could now be worth an estimated £359,258. It was last sold for £267,000 in January 2018, which was around 26% above the average January 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was C.

GLEN INNES Sold Prices

Land registry data shows four sales for GLEN INNES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four GLEN INNES 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
2018 29 JAN	£267,000	£212,742	26% above HPI
2017 23 FEB	£267,000	£202,230	32% above HPI
2015 10 MAR	£200,000	£177,002	13% above HPI
1996 7 AUG	£110,000	£58,639	88% above HPI

GLEN INNES 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 four GLEN INNES sales between August 1996 and January 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 February 2017 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the January 2018 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might GLEN INNES be worth now?

GLEN INNES might now be worth an estimated £359,258.

This is based on house price inflation of 34.6%, between January 2018 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 34.6% inflationary increase is applied to the most recent sale price for GLEN INNES of £267,000 on 29th January 2018. For the value to have increased from £267,000 to £359,258 over the six years and eleven months to February 2025, the following assumptions must hold true:

• The value of GLEN INNES has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2018 sale price of £267,000 represented a fair market value for the property.
• The size, condition, and specification of GLEN INNES has not materially changed since January 2018.

How Large is GLEN INNES?

GLEN INNES is 117m² according to the EPC inspection conducted in September 2017. This puts it in the largest 40% 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 GLEN INNES lies on this distribution: 64% of detached houses houses are smaller than GLEN INNES, and 33% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

GLEN INNES: Plot and Title Map

GLEN INNES sits on a plot of roughly 0.574 of an acre, or 2,322m². The below map shows the location of GLEN INNES, 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 GLEN INNES). 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 GLEN INNES?

GLEN INNES is located on GRIMSBY ROAD in BINBROOK, in the LN8 postcode district. The below map shows the position of GLEN INNES on GRIMSBY ROAD.