2, SPRING BANK, GRIMSBY, DN34 4BG - £140,000

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

2 SPRING BANK is a very small extended detached house of 77m², built sometime between 1950 and 1966. It was last sold for £140,000 in July 2022, which was around 42% below the average July 2022 detached price in the North East Lincolnshire local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

2 SPRING BANK Sold Prices

Land registry data shows two sales for 2 SPRING BANK 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. Both of the two 2 SPRING BANK 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
2022 15 JUL	£140,000	£242,846	42% below HPI
2021 22 OCT	£115,000	£226,127	49% below HPI

2 SPRING BANK 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 SPRING BANK sales from October 2021 and July 2022 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 2021 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the July 2022 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is 2 SPRING BANK?

2 SPRING BANK is 77m², which includes one extension, according to the EPC inspection conducted in April 2022. 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 2 SPRING BANK lies on this distribution: 14% of detached houses are smaller than 2 SPRING BANK, and 85% of houses are larger. Note that EPC data is not available for all properties in Grimsby.

2 SPRING BANK: Plot and Title Map

2 SPRING BANK sits on a plot of roughly 0.047 of an acre, or 190m². The below map shows the location of 2 SPRING BANK, 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 SPRING BANK). 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 SPRING BANK?

2 SPRING BANK is located in GRIMSBY, in the DN34 postcode district. The below map shows the position of No. 2 on SPRING BANK.