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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

NORTH HOUSE is a very large detached house of 187m², built sometime before 1900. It was last sold for £287,000 in October 2020, which was around 29% 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	£223,136	29% above HPI
2003 22 AUG	£155,000	£135,527	14% 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 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the October 2020 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

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 in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where NORTH HOUSE lies on this distribution: 93% of detached 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.