2, WEST TERRACE, BRIGG, DN20 8LX - £125,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 WEST TERRACE is a very small extended detached house of 78m², built sometime between 1930 and 1949, which could now be worth an estimated £155,044. It was last sold for £125,000 in October 2018, which was around 37% below the average October 2018 detached price in the North Lincolnshire local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was B.

2 WEST TERRACE Sold Prices

Land registry data shows three sales for 2 WEST TERRACE 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 Lincolnshire local authority area for the corresponding sale date. All of the three 2 WEST TERRACE 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
2018 15 OCT	£125,000	£199,472	37% below HPI
2008 19 SEP	£72,500	£169,130	57% below HPI
2006 21 NOV	£70,000	£168,340	58% below HPI

2 WEST TERRACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Lincolnshire local authority area over time, sourced from the HPI. The three 2 WEST TERRACE sales between November 2006 and October 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 September 2008 sale was for 57% below the HPI. So the extrapolation line tracks at 57% below the HPI over time, until the October 2018 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might 2 WEST TERRACE be worth now?

2 WEST TERRACE might now be worth an estimated £155,044.

This is based on house price inflation of 24%, between October 2018 and February 2025, for detached houses, in the North Lincolnshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 24% inflationary increase is applied to the most recent sale price for 2 WEST TERRACE of £125,000 on 15th October 2018. For the value to have increased from £125,000 to £155,044 over the seven years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 WEST TERRACE has moved in line with the HPI for detached houses in the North Lincolnshire local authority area.
• The October 2018 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WEST TERRACE has not materially changed since October 2018.

How Large is 2 WEST TERRACE?

2 WEST TERRACE is 78m², which includes one extension, according to the EPC inspection conducted in May 2018. This puts it in the smallest 20% of detached houses houses in Brigg, based on EPC data. The below chart shows the distribution of detached houses houses by size in Brigg, and where 2 WEST TERRACE lies on this distribution: 17% of detached houses houses are smaller than 2 WEST TERRACE, and 82% of houses are larger. Note that EPC data is not available for all properties in Brigg.

2 WEST TERRACE: Plot and Title Map

2 WEST TERRACE sits on a plot of roughly 0.035 of an acre, or 143m². The below map shows the location of 2 WEST TERRACE, 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 WEST TERRACE). 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 WEST TERRACE?

2 WEST TERRACE is located in BRIGG, in the DN20 postcode district. The below map shows the position of No. 2 on WEST TERRACE.