THE COTTAGE, MARKET PLACE, BINBROOK, MARKET RASEN, LN8 6DE - £138,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

THE COTTAGE is a very small extended semi-detached house of 76m², built sometime before 1900. It was last sold for £138,000 in June 2017, which was around 32% below the average June 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2017, where the current energy rating was E, and the potential energy rating was B.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE COTTAGE 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 COTTAGE 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
2017 15 JUN	£138,000	£202,435	32% below HPI
2005 13 DEC	£118,000	£170,868	31% below HPI

THE COTTAGE 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 COTTAGE sales from December 2005 and June 2017 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 December 2005 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2017 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 76m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the smallest 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 THE COTTAGE lies on this distribution: 17% of detached houses are smaller than THE COTTAGE, and 82% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.040 of an acre, or 163m². The below map shows the location of THE COTTAGE, 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 COTTAGE). 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 COTTAGE?

THE COTTAGE is located on MARKET PLACE in BINBROOK, in the LN8 postcode district. The below map shows the position of THE COTTAGE on MARKET PLACE.