7, SPINNEY CLOSE, GRIMOLDBY, LOUTH, LN11 8SY - £120,000

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.

7 SPINNEY CLOSE is a very small extended detached house of 76m², built sometime between 1950 and 1966, which could now be worth an estimated £161,795. It was last sold for £120,000 in October 2017, which was around 43% below the average October 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2017, where the current energy rating was E, and the potential energy rating was B.

7 SPINNEY CLOSE Sold Prices

Land registry data shows two sales for 7 SPINNEY 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 7 SPINNEY 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
2017 5 OCT	£120,000	£212,307	43% below HPI
1996 19 APR	£38,000	£54,663	30% below HPI

7 SPINNEY 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 7 SPINNEY CLOSE sales from April 1996 and October 2017 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 April 1996 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2017 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 7 SPINNEY CLOSE be worth now?

7 SPINNEY CLOSE might now be worth an estimated £161,795.

This is based on house price inflation of 34.8%, between October 2017 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 34.8% inflationary increase is applied to the most recent sale price for 7 SPINNEY CLOSE of £120,000 on 5th October 2017. For the value to have increased from £120,000 to £161,795 over the eight years and eight months to February 2025, the following assumptions must hold true:

• The value of 7 SPINNEY CLOSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2017 sale price of £120,000 represented a fair market value for the property.
• The size, condition, and specification of 7 SPINNEY CLOSE has not materially changed since October 2017.

How Large is 7 SPINNEY CLOSE?

7 SPINNEY CLOSE is 76m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 20% of detached houses houses in Grimoldby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grimoldby, and where 7 SPINNEY CLOSE lies on this distribution: 13% of detached houses houses are smaller than 7 SPINNEY CLOSE, and 86% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

7 SPINNEY CLOSE: Plot and Title Map

7 SPINNEY CLOSE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 7 SPINNEY 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 7 SPINNEY 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 7 SPINNEY CLOSE?

7 SPINNEY CLOSE is located in GRIMOLDBY, in the LN11 postcode district. The below map shows the position of No. 7 on SPINNEY CLOSE.