5, OLD CHAPEL LANE, LACEBY, GRIMSBY, DN37 7BQ - £102,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

5 OLD CHAPEL LANE is a very small detached house of 58m², built sometime between 1930 and 1949. It was last sold for £102,000 in December 2014, which was around 40% below the average December 2014 detached price in the North East Lincolnshire local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

5 OLD CHAPEL LANE Sold Prices

Land registry data shows two sales for 5 OLD CHAPEL LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North East Lincolnshire local authority area for the corresponding sale date. Both of the two 5 OLD CHAPEL LANE 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
2014 5 DEC	£102,000	£169,742	40% below HPI
1995 31 MAR	£40,500	£63,015	36% below HPI

5 OLD CHAPEL 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 two 5 OLD CHAPEL LANE sales from March 1995 and December 2014 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 March 1995 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the December 2014 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

How Large is 5 OLD CHAPEL LANE?

5 OLD CHAPEL LANE is 58m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 10% of detached houses in Laceby, based on EPC data. The below chart shows the distribution of detached houses by size in Laceby, and where 5 OLD CHAPEL LANE lies on this distribution: 1% of detached houses are smaller than 5 OLD CHAPEL LANE, and 99% of houses are larger. Note that EPC data is not available for all properties in Laceby.

5 OLD CHAPEL LANE: Plot and Title Map

5 OLD CHAPEL LANE sits on a plot of roughly 0.058 of an acre, or 236m². The below map shows the location of 5 OLD CHAPEL 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 5 OLD CHAPEL 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 5 OLD CHAPEL LANE?

5 OLD CHAPEL LANE is located in LACEBY, in the DN37 postcode district. The below map shows the position of No. 5 on OLD CHAPEL LANE.