NORTH HOUSE, MARKET PLACE, BINBROOK, MARKET RASEN, LN8 6DE - £287,000

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.

NORTH HOUSE is a very large detached house of 187m², built sometime before 1900, which could now be worth an estimated £362,893. It was last sold for £287,000 in October 2020, which was around 27% above the average October 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was B.

NORTH HOUSE Sold Prices

Land registry data shows two sales for NORTH HOUSE 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 NORTH HOUSE 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 19 OCT	£287,000	£226,387	27% above HPI
2003 22 AUG	£155,000	£137,502	13% above HPI

NORTH HOUSE 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 NORTH HOUSE sales from August 2003 and October 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 2003 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the October 2020 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might NORTH HOUSE be worth now?

NORTH HOUSE might now be worth an estimated £362,893.

This is based on house price inflation of 26.4%, between October 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 26.4% inflationary increase is applied to the most recent sale price for NORTH HOUSE of £287,000 on 19th October 2020. For the value to have increased from £287,000 to £362,893 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of NORTH HOUSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2020 sale price of £287,000 represented a fair market value for the property.
• The size, condition, and specification of NORTH HOUSE has not materially changed since October 2020.

How Large is NORTH HOUSE?

NORTH HOUSE is 187m² according to the EPC inspection conducted in May 2018. 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 NORTH HOUSE lies on this distribution: 93% of detached houses houses are smaller than NORTH HOUSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

NORTH HOUSE: Plot and Title Map

NORTH HOUSE sits on a plot of roughly 0.190 of an acre, or 768m². The below map shows the location of NORTH HOUSE, 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 NORTH HOUSE). 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 NORTH HOUSE?

NORTH HOUSE is located on MARKET PLACE in BINBROOK, in the LN8 postcode district. The below map shows the position of NORTH HOUSE on MARKET PLACE.