3, RECTORY CLOSE, BINBROOK, MARKET RASEN, LN8 6EA - £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.

3 RECTORY CLOSE is a small detached house of 84m², built sometime between 1983 and 1990, which could now be worth an estimated £225,908. It was last sold for £180,000 in May 2019, which was around 18% below the average May 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2019, where the current energy rating was D, and the potential energy rating was B.

3 RECTORY CLOSE Sold Prices

Land registry data shows one sale for 3 RECTORY 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
2019 31 MAY	£180,000	£219,835	18% below HPI

What might 3 RECTORY CLOSE be worth now?

3 RECTORY CLOSE might now be worth an estimated £225,908.

This is based on house price inflation of 25.5%, between May 2019 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 25.5% inflationary increase is applied to the most recent sale price for 3 RECTORY CLOSE of £180,000 on 31st May 2019. For the value to have increased from £180,000 to £225,908 over the seven years and one month to April 2026, the following assumptions must hold true:

• The value of 3 RECTORY CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2019 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 3 RECTORY CLOSE has not materially changed since May 2019.

How Large is 3 RECTORY CLOSE?

3 RECTORY CLOSE is 84m² according to the EPC inspection conducted in January 2019. 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 3 RECTORY CLOSE lies on this distribution: 27% of detached houses are smaller than 3 RECTORY CLOSE, and 72% of detached houses are larger. Note that EPC data is not available for all properties in Binbrook.

3 RECTORY CLOSE: Plot

3 RECTORY CLOSE sits on a plot of roughly 0.118 of an acre, or 478m².

Where is 3 RECTORY CLOSE?

3 RECTORY CLOSE is located in BINBROOK, in the LN8 postcode district.