THE BARN, HIGH STREET, BINBROOK, MARKET RASEN, LN8 6BH - £35,000

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.

THE BARN is a very large extended detached house of 145m², built sometime between 2003 and 2006, which could now be worth an estimated £100,979. It was last sold for £35,000 in April 2002, which was around 65% below the average April 2002 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was D.

THE BARN Sold Prices

Land registry data shows two sales for THE BARN 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 THE BARN sales 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
2002 16 APR	£35,000	£99,217	65% below HPI
2001 23 AUG	£23,000	£84,846	73% below HPI

THE BARN 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 THE BARN sales from August 2001 and April 2002 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 2001 sale was for 73% below the HPI. So the extrapolation line tracks at 73% below the HPI over time, until the April 2002 sale, where it rises to 65% below the HPI. The line then continues to track at 65% below the HPI.

What might THE BARN be worth now?

THE BARN might now be worth an estimated £100,979.

This is based on house price inflation of 188.5%, between April 2002 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 188.5% inflationary increase is applied to the most recent sale price for THE BARN of £35,000 on 16th April 2002. For the value to have increased from £35,000 to £100,979 over the 23 years and two months to February 2025, the following assumptions must hold true:

• The value of THE BARN has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The April 2002 sale price of £35,000 represented a fair market value for the property.
• The size, condition, and specification of THE BARN has not materially changed since April 2002.

How Large is THE BARN?

THE BARN is 145m², which includes one extension, according to the EPC inspection conducted in November 2008. 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 THE BARN lies on this distribution: 81% of detached houses houses are smaller than THE BARN, and 19% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

THE BARN: Plot and Title Map

THE BARN sits on a plot of roughly 0.045 of an acre, or 181m². The below map shows the location of THE BARN, 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 THE BARN). 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 THE BARN?

THE BARN is located on HIGH STREET in BINBROOK, in the LN8 postcode district. The below map shows the position of THE BARN on HIGH STREET.