2, ALFRED TERRACE MEWS, GRIMSBY, DN32 0QY - £165,000

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

2 ALFRED TERRACE MEWS is a small detached house of 92m², built sometime between 1991 and 1995. It was last sold for £165,000 in September 2021, which was around 25% below the average September 2021 detached price in the North East Lincolnshire local authority area. The most recent EPC inspection was March 2021, where the current energy rating was D, and the potential energy rating was B.

2 ALFRED TERRACE MEWS Sold Prices

Land registry data shows five sales for 2 ALFRED TERRACE MEWS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North East Lincolnshire local authority area for the corresponding sale date. Most of the five 2 ALFRED TERRACE MEWS 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
2021 6 SEP	£165,000	£220,976	25% below HPI
2014 30 OCT	£150,000	£165,582	9% below HPI
2012 15 JUN	£155,000	£157,573	2% below HPI
2003 22 DEC	£135,000	£121,301	11% above HPI
1997 7 FEB	£66,500	£64,681	3% above HPI

2 ALFRED TERRACE MEWS 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 five 2 ALFRED TERRACE MEWS sales between February 1997 and September 2021 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 2014 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the September 2021 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 2 ALFRED TERRACE MEWS be worth now?

2 ALFRED TERRACE MEWS might now be worth an estimated £187,367.

This is based on house price inflation of 13.6%, between September 2021 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 13.6% inflationary increase is applied to the most recent sale price for 2 ALFRED TERRACE MEWS of £165,000 on 6th September 2021. For the value to have increased from £165,000 to £187,367 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of 2 ALFRED TERRACE MEWS has moved in line with the HPI for detached houses in the North East Lincolnshire local authority area.
• The September 2021 sale price of £165,000 represented a fair market value for the property.
• The size, condition, and specification of 2 ALFRED TERRACE MEWS has not materially changed since September 2021.

How Large is 2 ALFRED TERRACE MEWS?

2 ALFRED TERRACE MEWS is 92m² according to the EPC inspection conducted in March 2021. This puts it in the smallest 30% 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 2 ALFRED TERRACE MEWS lies on this distribution: 28% of detached houses houses are smaller than 2 ALFRED TERRACE MEWS, and 71% of houses are larger. Note that EPC data is not available for all properties in Grimsby.

2 ALFRED TERRACE MEWS: Plot and Title Map

2 ALFRED TERRACE MEWS sits on a plot of roughly 0.029 of an acre, or 118m². The below map shows the location of 2 ALFRED TERRACE MEWS, 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 2 ALFRED TERRACE MEWS). 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 2 ALFRED TERRACE MEWS?

2 ALFRED TERRACE MEWS is located in GRIMSBY, in the DN32 postcode district. The below map shows the position of No. 2 on ALFRED TERRACE MEWS.