HOLMESDALE, GRIMSBY ROAD, BINBROOK, MARKET RASEN, LN8 6DH - £240,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

HOLMESDALE is a very small detached house of 78m², built sometime between 1976 and 1982. It was last sold for £240,000 in February 2023, which was around 15% below the average February 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

HOLMESDALE Sold Prices

Land registry data shows three sales for HOLMESDALE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three HOLMESDALE 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
2023 8 FEB	£240,000	£283,795	15% below HPI
2015 20 FEB	£167,000	£172,748	3% below HPI
2012 26 OCT	£124,000	£160,599	23% below HPI

HOLMESDALE 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 three HOLMESDALE sales between October 2012 and February 2023 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 2015 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the February 2023 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is HOLMESDALE?

HOLMESDALE is 78m² according to the EPC inspection conducted in March 2022. 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 HOLMESDALE lies on this distribution: 18% of detached houses are smaller than HOLMESDALE, and 80% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

HOLMESDALE: Plot and Title Map

HOLMESDALE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of HOLMESDALE, 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 HOLMESDALE). 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 HOLMESDALE?

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