PEGASUS, SPRING BANK, BINBROOK, MARKET RASEN, LN8 6DF - £82,000

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.

PEGASUS is a very small detached house of 75m², built sometime between 2003 and 2006, which could now be worth an estimated £137,286. It was last sold for £82,000 in January 2011, which was around 50% below the average January 2011 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was D.

PEGASUS Sold Prices

Land registry data shows one sale for PEGASUS 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
2011 25 JAN	£82,000	£164,478	50% below HPI

What might PEGASUS be worth now?

PEGASUS might now be worth an estimated £137,286.

This is based on house price inflation of 67.4%, between January 2011 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 67.4% inflationary increase is applied to the most recent sale price for PEGASUS of £82,000 on 25th January 2011. For the value to have increased from £82,000 to £137,286 over the fourteen years and eight months to May 2026, the following assumptions must hold true:

• The value of PEGASUS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2011 sale price of £82,000 represented a fair market value for the property.
• The size, condition, and specification of PEGASUS has not materially changed since January 2011.

How Large is PEGASUS?

PEGASUS is 75m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 20% of detached houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where PEGASUS lies on this distribution: 15% of detached houses are smaller than PEGASUS, and 85% of detached houses are larger. Note that EPC data is not available for all properties in Binbrook.

PEGASUS: Plot

PEGASUS sits on a plot of roughly 0.101 of an acre, or 408m².

Where is PEGASUS?

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