FAIRFIELD, HAWTHORNE CLOSE, GRIMOLDBY, LOUTH, LN11 8SR - £79,000

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

FAIRFIELD is a small detached house of 83m², built sometime between 1950 and 1966, which could now be worth an estimated £247,839. It was last sold for £79,000 in November 2001, which was around 13% below the average November 2001 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2011, where the current energy rating was D, and the potential energy rating was C.

FAIRFIELD Sold Prices

Land registry data shows two sales for FAIRFIELD 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 FAIRFIELD 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
2001 14 NOV	£79,000	£90,811	13% below HPI
1996 30 AUG	£46,000	£58,639	22% below HPI

FAIRFIELD 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 FAIRFIELD sales from August 1996 and November 2001 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 August 1996 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the November 2001 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might FAIRFIELD be worth now?

FAIRFIELD might now be worth an estimated £247,839.

This is based on house price inflation of 213.7%, between November 2001 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 213.7% inflationary increase is applied to the most recent sale price for FAIRFIELD of £79,000 on 14th November 2001. For the value to have increased from £79,000 to £247,839 over the 22 years and eleven months to December 2024, the following assumptions must hold true:

• The value of FAIRFIELD has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2001 sale price of £79,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRFIELD has not materially changed since November 2001.

How Large is FAIRFIELD?

FAIRFIELD is 83m² according to the EPC inspection conducted in April 2011. This puts it in the smallest 30% 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 FAIRFIELD lies on this distribution: 20% of detached houses houses are smaller than FAIRFIELD, and 80% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

FAIRFIELD: Plot and Title Map

FAIRFIELD sits on a plot of roughly 0.224 of an acre, or 908m². The below map shows the location of FAIRFIELD, 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 FAIRFIELD). 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 FAIRFIELD?

FAIRFIELD is located on HAWTHORNE CLOSE in GRIMOLDBY, in the LN11 postcode district. The below map shows the position of FAIRFIELD on HAWTHORNE CLOSE.