THE OLD POLICE HOUSE, GRIMSBY ROAD, BINBROOK, MARKET RASEN, LN8 6DH - £270,000

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

THE OLD POLICE HOUSE is a very large extended detached house of 197m², built sometime before 1900. It was last sold for £270,000 in May 2013, which was around 58% above the average May 2013 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2012, where the current energy rating was E, and the potential energy rating was C.

THE OLD POLICE HOUSE Sold Prices

Land registry data shows two sales for THE OLD POLICE HOUSE 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 OLD POLICE HOUSE 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
2013 23 MAY	£270,000	£170,620	58% above HPI
2001 10 APR	£160,000	£78,743	103% above HPI

THE OLD POLICE HOUSE 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 OLD POLICE HOUSE sales from April 2001 and May 2013 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 April 2001 sale was for 103% above the HPI. So the extrapolation line tracks at 103% above the HPI over time, until the May 2013 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is THE OLD POLICE HOUSE?

THE OLD POLICE HOUSE is 197m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the largest 10% 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 OLD POLICE HOUSE lies on this distribution: 96% of detached houses are smaller than THE OLD POLICE HOUSE, and 4% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

THE OLD POLICE HOUSE: Plot and Title Map

THE OLD POLICE HOUSE sits on a plot of roughly 0.266 of an acre, or 1,076m². The below map shows the location of THE OLD POLICE HOUSE, 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 OLD POLICE HOUSE). 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 OLD POLICE HOUSE?

THE OLD POLICE HOUSE is located on GRIMSBY ROAD in BINBROOK, in the LN8 postcode district. The below map shows the position of THE OLD POLICE HOUSE on GRIMSBY ROAD.