GREYSTONES, NORTHGATE LANE, GRIMOLDBY, LOUTH, LN11 8TG - £580,000

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.

GREYSTONES is a very large extended detached house of 243m², built sometime before 1900, which could now be worth an estimated £702,076. It was last sold for £580,000 in December 2020, which was around 145% above the average December 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2015, where the current energy rating was C, and the potential energy rating was B.

GREYSTONES Sold Prices

Land registry data shows three sales for GREYSTONES 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 GREYSTONES 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
2020 9 DEC	£580,000	£236,479	145% above HPI
2015 1 SEP	£525,000	£189,973	176% above HPI
2005 3 OCT	£190,000	£178,664	6% above HPI

GREYSTONES 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 GREYSTONES sales between October 2005 and December 2020 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 September 2015 sale was for 176% above the HPI. So the extrapolation line tracks at 176% above the HPI over time, until the December 2020 sale, where it falls to 145% above the HPI. The line then continues to track at 145% above the HPI.

What might GREYSTONES be worth now?

GREYSTONES might now be worth an estimated £702,076.

This is based on house price inflation of 21%, between December 2020 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 21% inflationary increase is applied to the most recent sale price for GREYSTONES of £580,000 on 9th December 2020. For the value to have increased from £580,000 to £702,076 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of GREYSTONES has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2020 sale price of £580,000 represented a fair market value for the property.
• The size, condition, and specification of GREYSTONES has not materially changed since December 2020.

How Large is GREYSTONES?

GREYSTONES is 243m², which includes two extensions, according to the EPC inspection conducted in May 2015. This puts it in the largest 10% 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 GREYSTONES lies on this distribution: 97% of detached houses houses are smaller than GREYSTONES, and 3% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

GREYSTONES: Plot and Title Map

GREYSTONES sits on a plot of roughly 1.3 acres, or 5,116m². The below map shows the location of GREYSTONES, 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 GREYSTONES). 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 GREYSTONES?

GREYSTONES is located on NORTHGATE LANE in GRIMOLDBY, in the LN11 postcode district. The below map shows the position of GREYSTONES on NORTHGATE LANE.