7, SPRING BANK, BINBROOK, MARKET RASEN, LN8 6DF - £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.

7 SPRING BANK is a very large extended terraced house of 130m², built sometime between 1930 and 1949, which could now be worth an estimated £178,938. It was last sold for £180,000 in January 2024, which was around 24% above the average January 2024 terraced price in the East Lindsey local authority area. The most recent EPC inspection was February 2015, where the current energy rating was E, and the potential energy rating was B.

7 SPRING BANK Sold Prices

Land registry data shows one sale for 7 SPRING BANK since 1^st January 1995. The below table shows the price paid for the one sale, along with the average terraced 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
2024 5 JAN	£180,000	£145,710	24% above HPI

What might 7 SPRING BANK be worth now?

7 SPRING BANK might now be worth an estimated £178,938.

This is based on house price deflation of 0.6%, between January 2024 and May 2026, for terraced 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 0.6% deflationary decrease is applied to the most recent sale price for 7 SPRING BANK of £180,000 on 5th January 2024. For the value to have decreased from £180,000 to £178,938 over the one year and eight months to May 2026, the following assumptions must hold true:

• The value of 7 SPRING BANK has moved in line with the HPI for terraced houses in the East Lindsey local authority area.
• The January 2024 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SPRING BANK has not materially changed since January 2024.

How Large is 7 SPRING BANK?

7 SPRING BANK is 130m², which includes one extension, according to the EPC inspection conducted in February 2015. This puts it in the largest 10% of terraced houses in Binbrook, based on EPC data. The below chart shows the distribution of terraced houses by size in Binbrook, and where 7 SPRING BANK lies on this distribution: More than 99% of terraced houses are smaller than 7 SPRING BANK, and less than 1% of terraced houses are larger. Note that EPC data is not available for all properties in Binbrook.

7 SPRING BANK: Plot

7 SPRING BANK sits on a plot of roughly 0.093 of an acre, or 378m².

Where is 7 SPRING BANK?

7 SPRING BANK is located in BINBROOK, in the LN8 postcode district.