1, THE SPINNEY, GRIMSBY, DN34 4NS - £160,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 THE SPINNEY is a very small detached house of 74m², built sometime between 1983 and 1990. It was last sold for £160,000 in March 2017, which was around 15% below the average March 2017 detached price in the North East Lincolnshire local authority area. The most recent EPC inspection was September 2008, where the current energy rating was D, and the potential energy rating was D.

1 THE SPINNEY Sold Prices

Land registry data shows three sales for 1 THE SPINNEY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North East Lincolnshire local authority area for the corresponding sale date. Two of the three 1 THE SPINNEY sales were for below the average price, whilst one was for above 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 10 MAR	£160,000	£187,255	15% below HPI
2016 13 JUL	£110,000	£180,192	39% below HPI
1995 28 FEB	£82,000	£62,634	31% above HPI

1 THE SPINNEY Price Paid vs. HPI Average

The below graph shows the average detached house price in the North East Lincolnshire local authority area over time, sourced from the HPI. The three 1 THE SPINNEY sales between February 1995 and March 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 July 2016 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the March 2017 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 1 THE SPINNEY?

1 THE SPINNEY is 74m² according to the EPC inspection conducted in September 2008. This puts it in the smallest 20% of detached houses in Grimsby, based on EPC data. The below chart shows the distribution of detached houses by size in Grimsby, and where 1 THE SPINNEY lies on this distribution: 11% of detached houses are smaller than 1 THE SPINNEY, and 89% of houses are larger. Note that EPC data is not available for all properties in Grimsby.

1 THE SPINNEY: Plot and Title Map

1 THE SPINNEY sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of 1 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 1 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 1 THE SPINNEY?

1 THE SPINNEY is located in GRIMSBY, in the DN34 postcode district. The below map shows the position of No. 1 on THE SPINNEY.