5, VICTORY WAY, GRIMSBY, DN34 5UY - £125,000

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 VICTORY WAY is a small detached house of 90m², built sometime between 1991 and 1995. It was last sold for £125,000 in March 2005, which was around 15% below the average March 2005 detached price in the North East Lincolnshire local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

5 VICTORY WAY Sold Prices

Land registry data shows two sales for 5 VICTORY WAY 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 VICTORY WAY 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
2005 18 MAR	£125,000	£146,378	15% below HPI
2002 1 FEB	£58,000	£83,993	31% below HPI

5 VICTORY WAY 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 VICTORY WAY sales from February 2002 and March 2005 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 2002 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the March 2005 sale, where it rises to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 5 VICTORY WAY?

5 VICTORY WAY is 90m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 30% of detached houses in Grimsby, based on EPC data. The below chart shows the distribution of detached houses by size in Grimsby, and where 5 VICTORY WAY lies on this distribution: 26% of detached houses are smaller than 5 VICTORY WAY, and 73% of houses are larger. Note that EPC data is not available for all properties in Grimsby.

5 VICTORY WAY: Plot and Title Map

5 VICTORY WAY sits on a plot of roughly 0.062 of an acre, or 249m². The below map shows the location of 5 VICTORY WAY, 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 VICTORY WAY). 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 VICTORY WAY?

5 VICTORY WAY is located in GRIMSBY, in the DN34 postcode district. The below map shows the position of No. 5 on VICTORY WAY.