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

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

TERRIMAR is a very large detached house of 164m², built sometime between 1996 and 2002. It was last sold for £217,500 in November 2015, which was around 16% 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	£188,088	16% above HPI
2009 9 OCT	£171,000	£165,414	3% above HPI
2007 25 APR	£178,000	£186,442	5% below HPI
2000 20 OCT	£12,500	£75,544	83% 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 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the November 2015 sale, where it rises to 16% above the HPI. The line then continues to track at 16% above the HPI.

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 in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where TERRIMAR lies on this distribution: 89% of detached 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.