LORIEN, HUMBERSTON ROAD, TETNEY, GRIMSBY, DN36 5NJ - £205,000

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

LORIEN is a very small detached house of 85m², built sometime between 1967 and 1975. It was last sold for £205,000 in May 2023, which was around 24% below the average May 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2022, where the current energy rating was C, and the potential energy rating was B.

LORIEN Sold Prices

Land registry data shows three sales for LORIEN 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 LORIEN 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
2023 26 MAY	£205,000	£271,486	24% below HPI
2012 31 MAY	£157,000	£163,459	4% below HPI
2005 21 SEP	£150,000	£173,416	14% below HPI

LORIEN 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 LORIEN sales between September 2005 and May 2023 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 May 2012 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2023 sale, where it falls to 24% below the HPI. The line then continues to track at 24% below the HPI.

How Large is LORIEN?

LORIEN is 85m² according to the EPC inspection conducted in October 2022. This puts it in the smallest 20% of detached houses in Tetney, based on EPC data. The below chart shows the distribution of detached houses by size in Tetney, and where LORIEN lies on this distribution: 11% of detached houses are smaller than LORIEN, and 89% of houses are larger. Note that EPC data is not available for all properties in Tetney.

LORIEN: Plot and Title Map

LORIEN sits on a plot of roughly 0.119 of an acre, or 482m². The below map shows the location of LORIEN, 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 LORIEN). 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 LORIEN?

LORIEN is located on HUMBERSTON ROAD in TETNEY, in the DN36 postcode district. The below map shows the position of LORIEN on HUMBERSTON ROAD.