7, CHESTNUT WAY, BINBROOK, MARKET RASEN, LN8 6DD - £183,000

7 CHESTNUT WAY is a small detached house of 80m², built sometime between 1991 and 1995. It was last sold for £183,000 in March 2019, which was around 19% below the average March 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

7 CHESTNUT WAY Sold Prices

Land registry data shows three sales for 7 CHESTNUT WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three 7 CHESTNUT WAY sales were for below the average price, whilst one was 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
2019 1 MAR	£183,000	£226,985	19% below HPI
2018 6 FEB	£140,000	£208,569	33% below HPI
1995 6 APR	£62,000	£56,465	10% above HPI

7 CHESTNUT WAY 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 three 7 CHESTNUT WAY sales between April 1995 and March 2019 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 February 2018 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the March 2019 sale, where it rises to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is 7 CHESTNUT WAY?

7 CHESTNUT WAY is 80m² according to the EPC inspection conducted in September 2017. This puts it in the smallest 30% of detached houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where 7 CHESTNUT WAY lies on this distribution: 22% of detached houses are smaller than 7 CHESTNUT WAY, and 77% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

7 CHESTNUT WAY: Plot and Title Map

7 CHESTNUT WAY sits on a plot of roughly 0.102 of an acre, or 411m². The below map shows the location of 7 CHESTNUT WAY, 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 7 CHESTNUT WAY). 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 7 CHESTNUT WAY?

7 CHESTNUT WAY is located in BINBROOK, in the LN8 postcode district. The below map shows the position of No. 7 on CHESTNUT WAY.