CHARIS, WRAGHOLME ROAD, GRAINTHORPE, LOUTH, LN11 7JD - £330,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

CHARIS is a small detached house of 97m², built sometime between 1983 and 1990, which could now be worth an estimated £368,496. It was last sold for £330,000 in October 2021, which was around 29% above the average October 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2012, where the current energy rating was E, and the potential energy rating was D.

CHARIS Sold Prices

Land registry data shows three sales for CHARIS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three CHARIS sales were for above the average price, whilst one was 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 OCT	£330,000	£255,130	29% above HPI
2020 23 OCT	£265,000	£226,387	17% above HPI
2012 21 MAR	£135,000	£160,625	16% below HPI

CHARIS 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 three CHARIS sales between March 2012 and October 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 October 2020 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the October 2021 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might CHARIS be worth now?

CHARIS might now be worth an estimated £368,496.

This is based on house price inflation of 11.7%, between October 2021 and December 2024, 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 11.7% inflationary increase is applied to the most recent sale price for CHARIS of £330,000 on 26th October 2021. For the value to have increased from £330,000 to £368,496 over the two years and ten months to December 2024, the following assumptions must hold true:

• The value of CHARIS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2021 sale price of £330,000 represented a fair market value for the property.
• The size, condition, and specification of CHARIS has not materially changed since October 2021.

How Large is CHARIS?

CHARIS is 97m² according to the EPC inspection conducted in February 2012. This puts it in the smallest 30% of detached houses houses in Grainthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grainthorpe, and where CHARIS lies on this distribution: 29% of detached houses houses are smaller than CHARIS, and 71% of houses are larger. Note that EPC data is not available for all properties in Grainthorpe.

CHARIS: Plot and Title Map

CHARIS sits on a plot of roughly 0.168 of an acre, or 680m². The below map shows the location of CHARIS, 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 CHARIS). 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 CHARIS?

CHARIS is located on WRAGHOLME ROAD in GRAINTHORPE, in the LN11 postcode district. The below map shows the position of CHARIS on WRAGHOLME ROAD.