2, ELM LANE, LACEBY, GRIMSBY, DN37 7ST - £196,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2 ELM LANE is a very large detached house of 142m², built sometime between 1996 and 2002. It was last sold for £196,000 in July 2011, which was around 22% above the average July 2011 detached price in the North East Lincolnshire local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was C.

2 ELM LANE Sold Prices

Land registry data shows three sales for 2 ELM LANE 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. All of the three 2 ELM LANE sales were 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
2011 5 JUL	£196,000	£160,387	22% above HPI
2001 20 JUN	£98,000	£76,603	28% above HPI
1997 23 MAY	£85,000	£67,249	26% above HPI

2 ELM LANE 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 2 ELM LANE sales between May 1997 and July 2011 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 June 2001 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the July 2011 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 2 ELM LANE?

2 ELM LANE is 142m² according to the EPC inspection conducted in March 2011. This puts it in the largest 20% of detached houses in Laceby, based on EPC data. The below chart shows the distribution of detached houses by size in Laceby, and where 2 ELM LANE lies on this distribution: 83% of detached houses are smaller than 2 ELM LANE, and 17% of houses are larger. Note that EPC data is not available for all properties in Laceby.

2 ELM LANE: Plot and Title Map

2 ELM LANE sits on a plot of roughly 0.135 of an acre, or 546m². The below map shows the location of 2 ELM LANE, 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 ELM LANE). 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 ELM LANE?

2 ELM LANE is located in LACEBY, in the DN37 postcode district. The below map shows the position of No. 2 on ELM LANE.