2, GIBRALTAR LANE, LACEBY, GRIMSBY, DN37 7AU - £194,950

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 GIBRALTAR LANE is a very small detached house of 81m², built sometime between 1996 and 2002. It was last sold for £194,950 in December 2018, which was about the average December 2018 detached price in the North East Lincolnshire local authority area. The most recent EPC inspection was July 2014, where the current energy rating was D, and the potential energy rating was B.

2 GIBRALTAR LANE Sold Prices

Land registry data shows two sales for 2 GIBRALTAR LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North East Lincolnshire local authority area for the corresponding sale date. One of the two 2 GIBRALTAR LANE sales was roughly equal to the average price, whilst the other was 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
2018 13 DEC	£194,950	£194,220	Close to HPI
2016 23 FEB	£161,000	£171,876	6% below HPI

2 GIBRALTAR 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 two 2 GIBRALTAR LANE sales from February 2016 and December 2018 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 February 2016 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the December 2018 sale, where it rises to roughly the same level as the HPI. The line then continues to track in line with the HPI.

How Large is 2 GIBRALTAR LANE?

2 GIBRALTAR LANE is 81m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% 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 GIBRALTAR LANE lies on this distribution: 8% of detached houses are smaller than 2 GIBRALTAR LANE, and 92% of houses are larger. Note that EPC data is not available for all properties in Laceby.

2 GIBRALTAR LANE: Plot and Title Map

2 GIBRALTAR LANE sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of 2 GIBRALTAR 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 GIBRALTAR 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 GIBRALTAR LANE?

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