REESEMERE, GRIMSBY ROAD, BINBROOK, MARKET RASEN, LN8 6DH - £180,000

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.

REESEMERE is a large detached house of 128m², built sometime between 1991 and 1995, which could now be worth an estimated £264,651. It was last sold for £180,000 in August 2015, which was around 4% below the average August 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

REESEMERE Sold Prices

Land registry data shows two sales for REESEMERE 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 REESEMERE 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
2015 7 AUG	£180,000	£187,653	4% below HPI
2000 5 JAN	£48,750	£73,656	34% below HPI

REESEMERE 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 REESEMERE sales from January 2000 and August 2015 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 January 2000 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the August 2015 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might REESEMERE be worth now?

REESEMERE might now be worth an estimated £264,651.

This is based on house price inflation of 47%, between August 2015 and April 2026, 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 47% inflationary increase is applied to the most recent sale price for REESEMERE of £180,000 on 7th August 2015. For the value to have increased from £180,000 to £264,651 over the eleven years and four months to April 2026, the following assumptions must hold true:

• The value of REESEMERE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2015 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of REESEMERE has not materially changed since August 2015.

How Large is REESEMERE?

REESEMERE is 128m² according to the EPC inspection conducted in September 2014. This puts it in the largest 30% 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 REESEMERE lies on this distribution: 72% of detached houses houses are smaller than REESEMERE, and 28% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

REESEMERE: Plot and Title Map

REESEMERE sits on a plot of roughly 0.182 of an acre, or 736m². The below map shows the location of REESEMERE, 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 REESEMERE). 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 REESEMERE?

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