THE SPINNEY, MILL LANE, GRAINTHORPE, LOUTH, LN11 7HU - £225,000

THE SPINNEY is a midsized detached house of 112m², built sometime between 1983 and 1990. It was last sold for £225,000 in November 2017, which was around 8% above the average November 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2017, where the current energy rating was E, and the potential energy rating was C.

THE SPINNEY Sold Prices

Land registry data shows two sales for THE SPINNEY 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. One of the two THE SPINNEY sales was for above the average price, whilst the other was roughly equal to 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
2017 28 NOV	£225,000	£207,429	8% above HPI
2002 18 OCT	£115,000	£114,682	Close to HPI

THE SPINNEY 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 THE SPINNEY sales from October 2002 and November 2017 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 2002 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the November 2017 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

How Large is THE SPINNEY?

THE SPINNEY is 112m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 50% of detached houses in Grainthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Grainthorpe, and where THE SPINNEY lies on this distribution: 42% of detached houses are smaller than THE SPINNEY, and 56% of houses are larger. Note that EPC data is not available for all properties in Grainthorpe.

THE SPINNEY: Plot and Title Map

THE SPINNEY sits on a plot of roughly 0.163 of an acre, or 661m². The below map shows the location of THE SPINNEY, 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 THE SPINNEY). 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 THE SPINNEY?

THE SPINNEY is located on MILL LANE in GRAINTHORPE, in the LN11 postcode district. The below map shows the position of THE SPINNEY on MILL LANE.