5, MILL CLOSE, MARSHCHAPEL, GRIMSBY, DN36 5TP - £225,000

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

5 MILL CLOSE is a midsized extended detached house of 104m², built sometime between 1967 and 1975. It was last sold for £225,000 in February 2021, which was around 3% below the average February 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2018, where the current energy rating was D, and the potential energy rating was C.

5 MILL CLOSE Sold Prices

Land registry data shows two sales for 5 MILL CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 5 MILL CLOSE 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
2021 26 FEB	£225,000	£232,837	3% below HPI
2018 26 SEP	£188,000	£222,708	16% below HPI

5 MILL CLOSE 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 two 5 MILL CLOSE sales from September 2018 and February 2021 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 2018 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the February 2021 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is 5 MILL CLOSE?

5 MILL CLOSE is 104m², which includes one extension, according to the EPC inspection conducted in April 2018. This puts it in the smallest 50% of detached houses in Marshchapel, based on EPC data. The below chart shows the distribution of detached houses by size in Marshchapel, and where 5 MILL CLOSE lies on this distribution: 40% of detached houses are smaller than 5 MILL CLOSE, and 60% of houses are larger. Note that EPC data is not available for all properties in Marshchapel.

5 MILL CLOSE: Plot and Title Map

5 MILL CLOSE sits on a plot of roughly 0.119 of an acre, or 482m². The below map shows the location of 5 MILL CLOSE, 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 5 MILL CLOSE). 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 5 MILL CLOSE?

5 MILL CLOSE is located in MARSHCHAPEL, in the DN36 postcode district. The below map shows the position of No. 5 on MILL CLOSE.