3, NICHOLSON ROAD, HEALING, GRIMSBY, DN41 7RT - £188,000

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.

3 NICHOLSON ROAD is a very small detached house of 86m², built sometime between 1950 and 1966, which could now be worth an estimated £246,788. It was last sold for £188,000 in February 2020, which was around 2% below the average February 2020 detached price in the North East Lincolnshire local authority area. The most recent EPC inspection was September 2019, where the current energy rating was D, and the potential energy rating was B.

3 NICHOLSON ROAD Sold Prices

Land registry data shows five sales for 3 NICHOLSON ROAD since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North East Lincolnshire local authority area for the corresponding sale date. Most of the five 3 NICHOLSON ROAD 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
2020 28 FEB	£188,000	£192,420	2% below HPI
2007 23 FEB	£50,000	£168,779	70% below HPI
2006 10 FEB	£178,000	£153,153	16% above HPI
2003 1 DEC	£133,000	£121,301	10% above HPI
1998 27 NOV	£68,000	£67,563	1% above HPI

3 NICHOLSON ROAD 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 five 3 NICHOLSON ROAD sales between November 1998 and February 2020 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 2007 sale was for 70% below the HPI. So the extrapolation line tracks at 70% below the HPI over time, until the February 2020 sale, where it rises to 2% below the HPI. The line then continues to track at 2% below the HPI.

What might 3 NICHOLSON ROAD be worth now?

3 NICHOLSON ROAD might now be worth an estimated £246,788.

This is based on house price inflation of 31.3%, between February 2020 and February 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 31.3% inflationary increase is applied to the most recent sale price for 3 NICHOLSON ROAD of £188,000 on 28th February 2020. For the value to have increased from £188,000 to £246,788 over the five years to February 2025, the following assumptions must hold true:

• The value of 3 NICHOLSON ROAD has moved in line with the HPI for detached houses in the North East Lincolnshire local authority area.
• The February 2020 sale price of £188,000 represented a fair market value for the property.
• The size, condition, and specification of 3 NICHOLSON ROAD has not materially changed since February 2020.

How Large is 3 NICHOLSON ROAD?

3 NICHOLSON ROAD is 86m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 10% of detached houses houses in Healing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Healing, and where 3 NICHOLSON ROAD lies on this distribution: 8% of detached houses houses are smaller than 3 NICHOLSON ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Healing.

3 NICHOLSON ROAD: Plot and Title Map

3 NICHOLSON ROAD sits on a plot of roughly 0.175 of an acre, or 709m². The below map shows the location of 3 NICHOLSON ROAD, 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 3 NICHOLSON ROAD). 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 3 NICHOLSON ROAD?

3 NICHOLSON ROAD is located in HEALING, in the DN41 postcode district. The below map shows the position of No. 3 on NICHOLSON ROAD.