CHIVAL, BUTTGATE, GRAINTHORPE, LOUTH, LN11 7JW - £490,000

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

CHIVAL is a large detached house of 165m², built sometime between 1967 and 1975. It was last sold for £490,000 in December 2022, which was around 72% above the average December 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was C.

CHIVAL Sold Prices

Land registry data shows three sales for CHIVAL 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. All of the three CHIVAL sales were for above 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
2022 8 DEC	£490,000	£284,149	72% above HPI
2016 7 DEC	£317,500	£197,369	61% above HPI
1995 29 MAR	£99,950	£58,321	71% above HPI

CHIVAL 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 CHIVAL sales between March 1995 and December 2022 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 December 2016 sale was for 61% above the HPI. So the extrapolation line tracks at 61% above the HPI over time, until the December 2022 sale, where it rises to 72% above the HPI. The line then continues to track at 72% above the HPI.

How Large is CHIVAL?

CHIVAL is 165m² according to the EPC inspection conducted in August 2016. This puts it in the largest 30% of detached houses in Grainthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Grainthorpe, and where CHIVAL lies on this distribution: 77% of detached houses are smaller than CHIVAL, and 22% of houses are larger. Note that EPC data is not available for all properties in Grainthorpe.

CHIVAL: Plot and Title Map

CHIVAL sits on a plot of roughly 0.354 of an acre, or 1,431m². The below map shows the location of CHIVAL, 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 CHIVAL). 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 CHIVAL?

CHIVAL is located on BUTTGATE in GRAINTHORPE, in the LN11 postcode district. The below map shows the position of CHIVAL on BUTTGATE.