1, SORREL CLOSE, BINBROOK, MARKET RASEN, LN8 6DB - £177,500

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.

1 SORREL CLOSE is a small detached house of 87m², built sometime between 1991 and 1995, which could now be worth an estimated £251,507. It was last sold for £177,500 in May 2016, which was around 9% below the average May 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

1 SORREL CLOSE Sold Prices

Land registry data shows one sale for 1 SORREL CLOSE since 1^st January 1995. The below table shows the price paid for the one sale, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2016 6 MAY	£177,500	£194,717	9% below HPI

What might 1 SORREL CLOSE be worth now?

1 SORREL CLOSE might now be worth an estimated £251,507.

This is based on house price inflation of 41.7%, between May 2016 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 41.7% inflationary increase is applied to the most recent sale price for 1 SORREL CLOSE of £177,500 on 6th May 2016. For the value to have increased from £177,500 to £251,507 over the ten years and one month to April 2026, the following assumptions must hold true:

• The value of 1 SORREL CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2016 sale price of £177,500 represented a fair market value for the property.
• The size, condition, and specification of 1 SORREL CLOSE has not materially changed since May 2016.

How Large is 1 SORREL CLOSE?

1 SORREL CLOSE is 87m² according to the EPC inspection conducted in April 2016. 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 1 SORREL CLOSE lies on this distribution: 33% of detached houses are smaller than 1 SORREL CLOSE, and 66% of detached houses are larger. Note that EPC data is not available for all properties in Binbrook.

1 SORREL CLOSE: Plot

1 SORREL CLOSE sits on a plot of roughly 0.104 of an acre, or 421m².

Where is 1 SORREL CLOSE?

1 SORREL CLOSE is located in BINBROOK, in the LN8 postcode district.