5, CHESTNUT WAY, BINBROOK, MARKET RASEN, LN8 6DD - £174,000

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.

5 CHESTNUT WAY is a midsized detached house of 97m², built sometime between 1991 and 1995, which could now be worth an estimated £245,594. It was last sold for £174,000 in August 2007, which was around 11% below the average August 2007 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

5 CHESTNUT WAY Sold Prices

Land registry data shows one sale for 5 CHESTNUT WAY 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
2007 24 AUG	£174,000	£195,098	11% below HPI

What might 5 CHESTNUT WAY be worth now?

5 CHESTNUT WAY might now be worth an estimated £245,594.

This is based on house price inflation of 41.1%, between August 2007 and May 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 41.1% inflationary increase is applied to the most recent sale price for 5 CHESTNUT WAY of £174,000 on 24th August 2007. For the value to have increased from £174,000 to £245,594 over the nineteen years and three months to May 2026, the following assumptions must hold true:

• The value of 5 CHESTNUT WAY has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2007 sale price of £174,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHESTNUT WAY has not materially changed since August 2007.

How Large is 5 CHESTNUT WAY?

5 CHESTNUT WAY is 97m² according to the EPC inspection conducted in April 2024. This puts it in the smallest 50% of detached houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where 5 CHESTNUT WAY lies on this distribution: 43% of detached houses are smaller than 5 CHESTNUT WAY, and 57% of detached houses are larger. Note that EPC data is not available for all properties in Binbrook.

5 CHESTNUT WAY: Plot

5 CHESTNUT WAY sits on a plot of roughly 0.103 of an acre, or 415m².

Where is 5 CHESTNUT WAY?

5 CHESTNUT WAY is located in BINBROOK, in the LN8 postcode district.