WHITE BUNGALOW, GRIMSBY ROAD, BINBROOK, MARKET RASEN, LN8 6DH - £215,000

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

WHITE BUNGALOW is a small detached house of 89m², built sometime between 1950 and 1966. It was last sold for £215,000 in June 2021, which was around 10% below the average June 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2013, where the current energy rating was E, and the potential energy rating was B.

WHITE BUNGALOW Sold Prices

Land registry data shows two sales for WHITE BUNGALOW 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 WHITE BUNGALOW 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
2021 16 JUN	£215,000	£238,466	10% below HPI
2016 6 MAY	£180,000	£191,921	6% below HPI

WHITE BUNGALOW 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 WHITE BUNGALOW sales from May 2016 and June 2021 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 May 2016 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2021 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is WHITE BUNGALOW?

WHITE BUNGALOW is 89m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 40% of detached houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where WHITE BUNGALOW lies on this distribution: 37% of detached houses are smaller than WHITE BUNGALOW, and 63% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

WHITE BUNGALOW: Plot and Title Map

WHITE BUNGALOW sits on a plot of roughly 0.182 of an acre, or 737m². The below map shows the location of WHITE BUNGALOW, 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 WHITE BUNGALOW). 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 WHITE BUNGALOW?

WHITE BUNGALOW is located on GRIMSBY ROAD in BINBROOK, in the LN8 postcode district. The below map shows the position of WHITE BUNGALOW on GRIMSBY ROAD.