33, GRAYE DRIVE, LOUTH, LN11 8YJ - £205,000

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.

33 GRAYE DRIVE is a midsized extended detached house of 107m², built sometime between 2003 and 2006, which could now be worth an estimated £265,422. It was last sold for £205,000 in November 2018, which was around 7% below the average November 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2018, where the current energy rating was C, and the potential energy rating was B.

33 GRAYE DRIVE Sold Prices

Land registry data shows four sales for 33 GRAYE DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Most of the four 33 GRAYE DRIVE 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 16 NOV	£205,000	£221,088	7% below HPI
2006 14 JUL	£165,000	£183,520	10% below HPI
2001 5 OCT	£89,000	£90,279	1% below HPI
1999 17 NOV	£75,950	£70,347	8% above HPI

33 GRAYE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The four 33 GRAYE DRIVE sales between November 1999 and November 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 July 2006 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the November 2018 sale, where it rises to 7% below the HPI. The line then continues to track at 7% below the HPI.

What might 33 GRAYE DRIVE be worth now?

33 GRAYE DRIVE might now be worth an estimated £265,422.

This is based on house price inflation of 29.5%, between November 2018 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.5% inflationary increase is applied to the most recent sale price for 33 GRAYE DRIVE of £205,000 on 16th November 2018. For the value to have increased from £205,000 to £265,422 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 33 GRAYE DRIVE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2018 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 33 GRAYE DRIVE has not materially changed since November 2018.

How Large is 33 GRAYE DRIVE?

33 GRAYE DRIVE is 107m², which includes two extensions, according to the EPC inspection conducted in August 2018. This puts it in the smallest 50% of detached houses houses in Louth, based on EPC data. The below chart shows the distribution of detached houses houses by size in Louth, and where 33 GRAYE DRIVE lies on this distribution: 45% of detached houses houses are smaller than 33 GRAYE DRIVE, and 54% of houses are larger. Note that EPC data is not available for all properties in Louth.

33 GRAYE DRIVE: Plot and Title Map

33 GRAYE DRIVE sits on a plot of roughly 0.057 of an acre, or 230m². The below map shows the location of 33 GRAYE DRIVE, 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 33 GRAYE DRIVE). 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 33 GRAYE DRIVE?

33 GRAYE DRIVE is located in LOUTH, in the LN11 postcode district. The below map shows the position of No. 33 on GRAYE DRIVE.