SPRINGFIELD, ORFORD ROAD, BINBROOK, MARKET RASEN, LN8 6DU - £442,500

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.

SPRINGFIELD is a large extended detached house of 132m², built sometime between 1900 and 1929, which could now be worth an estimated £452,859. It was last sold for £442,500 in August 2022, which was around 58% above the average August 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2022, where the current energy rating was D, and the potential energy rating was B.

SPRINGFIELD Sold Prices

Land registry data shows four sales for SPRINGFIELD 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 SPRINGFIELD 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
2022 5 AUG	£442,500	£279,704	58% above HPI
2016 14 OCT	£255,000	£195,672	30% above HPI
2012 22 MAR	£242,000	£160,625	51% above HPI
2007 2 APR	£197,500	£189,158	4% above HPI

SPRINGFIELD 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 SPRINGFIELD sales between April 2007 and August 2022 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 October 2016 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the August 2022 sale, where it rises to 58% above the HPI. The line then continues to track at 58% above the HPI.

What might SPRINGFIELD be worth now?

SPRINGFIELD might now be worth an estimated £452,859.

This is based on house price inflation of 2.3%, between August 2022 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 2.3% inflationary increase is applied to the most recent sale price for SPRINGFIELD of £442,500 on 5th August 2022. For the value to have increased from £442,500 to £452,859 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of SPRINGFIELD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2022 sale price of £442,500 represented a fair market value for the property.
• The size, condition, and specification of SPRINGFIELD has not materially changed since August 2022.

How Large is SPRINGFIELD?

SPRINGFIELD is 132m², which includes one extension, according to the EPC inspection conducted in February 2022. This puts it in the largest 30% 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 SPRINGFIELD lies on this distribution: 74% of detached houses houses are smaller than SPRINGFIELD, and 26% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

SPRINGFIELD: Plot and Title Map

SPRINGFIELD sits on a plot of roughly 0.271 of an acre, or 1,095m². The below map shows the location of SPRINGFIELD, 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 SPRINGFIELD). 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 SPRINGFIELD?

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