23, BUTT LANE, LACEBY, GRIMSBY, DN37 7BB - £232,000

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.

23 BUTT LANE is a very large detached house of 149m², built sometime between 1950 and 1966, which could now be worth an estimated £320,662. It was last sold for £232,000 in November 2017, which was around 26% above the average November 2017 detached price in the North East Lincolnshire local authority area. The most recent EPC inspection was October 2014, where the current energy rating was D, and the potential energy rating was C.

23 BUTT LANE Sold Prices

Land registry data shows three sales for 23 BUTT 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 23 BUTT 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
2017 2 NOV	£232,000	£184,782	26% above HPI
2007 16 OCT	£249,950	£173,040	44% above HPI
2006 15 JUN	£220,000	£162,804	35% above HPI

23 BUTT 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 23 BUTT LANE sales between June 2006 and November 2017 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 2007 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the November 2017 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 23 BUTT LANE be worth now?

23 BUTT LANE might now be worth an estimated £320,662.

This is based on house price inflation of 38.2%, between November 2017 and March 2025, 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 38.2% inflationary increase is applied to the most recent sale price for 23 BUTT LANE of £232,000 on 2nd November 2017. For the value to have increased from £232,000 to £320,662 over the eight years and eight months to March 2025, the following assumptions must hold true:

• The value of 23 BUTT LANE has moved in line with the HPI for detached houses in the North East Lincolnshire local authority area.
• The November 2017 sale price of £232,000 represented a fair market value for the property.
• The size, condition, and specification of 23 BUTT LANE has not materially changed since November 2017.

How Large is 23 BUTT LANE?

23 BUTT LANE is 149m² according to the EPC inspection conducted in October 2014. This puts it in the largest 20% of detached houses houses in Laceby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Laceby, and where 23 BUTT LANE lies on this distribution: 88% of detached houses houses are smaller than 23 BUTT LANE, and 12% of houses are larger. Note that EPC data is not available for all properties in Laceby.

23 BUTT LANE: Plot and Title Map

23 BUTT LANE sits on a plot of roughly 0.149 of an acre, or 603m². The below map shows the location of 23 BUTT 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 23 BUTT 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 23 BUTT LANE?

23 BUTT LANE is located in LACEBY, in the DN37 postcode district. The below map shows the position of No. 23 on BUTT LANE.