WILLOW LODGE, NORTH HALLS, BINBROOK, MARKET RASEN, LN8 6DQ - £148,000

WILLOW LODGE is a small extended detached house of 85m², built sometime between 1976 and 1982. It was last sold for £148,000 in April 2019, which was around 33% below the average April 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.

WILLOW LODGE Sold Prices

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

Date	Price	HPI Price	Variation from HPI
2019 17 APR	£148,000	£220,042	33% below HPI
1998 6 OCT	£58,950	£64,551	9% below HPI

WILLOW LODGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two WILLOW LODGE sales from October 1998 and April 2019 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the October 1998 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the April 2019 sale, where it falls to 33% below the HPI. The line then continues to track at 33% below the HPI.

How Large is WILLOW LODGE?

WILLOW LODGE is 85m², which includes one extension, according to the EPC inspection conducted in January 2019. 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 WILLOW LODGE lies on this distribution: 30% of detached houses are smaller than WILLOW LODGE, and 68% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

WILLOW LODGE: Plot and Title Map

WILLOW LODGE sits on a plot of roughly 0.090 of an acre, or 365m². The below map shows the location of WILLOW LODGE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of WILLOW LODGE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is WILLOW LODGE?

WILLOW LODGE is located on NORTH HALLS in BINBROOK, in the LN8 postcode district. The below map shows the position of WILLOW LODGE on NORTH HALLS.