SPRING VIEW, LOUTH ROAD, BINBROOK, MARKET RASEN, LN8 6BJ - £225,000

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

SPRING VIEW is a large extended detached house of 130m², built sometime between 1967 and 1975. It was last sold for £225,000 in January 2010, which was around 38% above the average January 2010 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2024, where the current energy rating was B, and the potential energy rating was B.

SPRING VIEW Sold Prices

Land registry data shows three sales for SPRING VIEW 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. The three SPRING VIEW sales were a mix of above the average price, and roughly equal to 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
2010 12 JAN	£225,000	£163,578	38% above HPI
2003 28 FEB	£122,000	£120,209	1% above HPI
2000 5 MAY	£72,000	£72,066	Close to HPI

SPRING VIEW 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 SPRING VIEW sales between May 2000 and January 2010 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 2003 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the January 2010 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is SPRING VIEW?

SPRING VIEW is 130m², which includes two extensions, according to the EPC inspection conducted in April 2024. This puts it in the largest 30% of detached houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where SPRING VIEW lies on this distribution: 73% of detached houses are smaller than SPRING VIEW, and 27% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

SPRING VIEW: Plot and Title Map

SPRING VIEW sits on a plot of roughly 0.232 of an acre, or 941m². The below map shows the location of SPRING VIEW, 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 SPRING VIEW). 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 SPRING VIEW?

SPRING VIEW is located on LOUTH ROAD in BINBROOK, in the LN8 postcode district. The below map shows the position of SPRING VIEW on LOUTH ROAD.