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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). 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 13% 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	£183,739	13% below HPI
2016 13 JUL	£110,000	£176,808	38% below HPI
1995 28 FEB	£82,000	£61,458	33% 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 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the March 2017 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 1 THE SPINNEY be worth now?

1 THE SPINNEY might now be worth an estimated £218,511.

This is based on house price inflation of 36.6%, between March 2017 and December 2024, for detached houses, in the North East Lincolnshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.6% inflationary increase is applied to the most recent sale price for 1 THE SPINNEY of £160,000 on 10th March 2017. For the value to have increased from £160,000 to £218,511 over the six years and three months to December 2024, the following assumptions must hold true:

• The value of 1 THE SPINNEY has moved in line with the HPI for detached houses in the North East Lincolnshire local authority area.
• The March 2017 sale price of £160,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE SPINNEY has not materially changed since March 2017.

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 houses in Grimsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grimsby, and where 1 THE SPINNEY lies on this distribution: 11% of detached houses 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.