TERRIMAR, SPRING BANK, BINBROOK, MARKET RASEN, LN8 6DF - £217,500

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.

TERRIMAR is a very large detached house of 164m², built sometime between 1996 and 2002, which could now be worth an estimated £326,260. It was last sold for £217,500 in November 2015, which was around 14% above the average November 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

TERRIMAR Sold Prices

Land registry data shows four sales for TERRIMAR 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. two of the four TERRIMAR sales were for above the average price, and four 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
2015 25 NOV	£217,500	£190,829	14% above HPI
2009 9 OCT	£171,000	£167,824	2% above HPI
2007 25 APR	£178,000	£189,158	6% below HPI
2000 20 OCT	£12,500	£76,645	84% below HPI

TERRIMAR 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 TERRIMAR sales between October 2000 and November 2015 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 2009 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the November 2015 sale, where it rises to 14% above the HPI. The line then continues to track at 14% above the HPI.

What might TERRIMAR be worth now?

TERRIMAR might now be worth an estimated £326,260.

This is based on house price inflation of 50%, between November 2015 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 50% inflationary increase is applied to the most recent sale price for TERRIMAR of £217,500 on 25th November 2015. For the value to have increased from £217,500 to £326,260 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of TERRIMAR has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2015 sale price of £217,500 represented a fair market value for the property.
• The size, condition, and specification of TERRIMAR has not materially changed since November 2015.

How Large is TERRIMAR?

TERRIMAR is 164m² according to the EPC inspection conducted in March 2018. This puts it in the largest 20% 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 TERRIMAR lies on this distribution: 89% of detached houses houses are smaller than TERRIMAR, and 11% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

TERRIMAR: Plot and Title Map

TERRIMAR sits on a plot of roughly 0.118 of an acre, or 479m². The below map shows the location of TERRIMAR, 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 TERRIMAR). 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 TERRIMAR?

TERRIMAR is located on SPRING BANK in BINBROOK, in the LN8 postcode district. The below map shows the position of TERRIMAR on SPRING BANK.