MICKLEGARTH, MILL LANE, GRAINTHORPE, LOUTH, LN11 7HU - £235,000

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

MICKLEGARTH is a large extended detached house of 161m², built sometime between 1967 and 1975, which could now be worth an estimated £381,991. It was last sold for £235,000 in February 2015, which was around 34% above the average February 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was D.

MICKLEGARTH Sold Prices

Land registry data shows two sales for MICKLEGARTH 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 MICKLEGARTH 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
2015 2 FEB	£235,000	£175,265	34% above HPI
2012 17 AUG	£215,000	£167,374	28% above HPI

MICKLEGARTH 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 MICKLEGARTH sales from August 2012 and February 2015 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 2012 sale was for 28% above the HPI. So the extrapolation line tracks at 28% above the HPI over time, until the February 2015 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might MICKLEGARTH be worth now?

MICKLEGARTH might now be worth an estimated £381,991.

This is based on house price inflation of 62.5%, between February 2015 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 62.5% inflationary increase is applied to the most recent sale price for MICKLEGARTH of £235,000 on 2nd February 2015. For the value to have increased from £235,000 to £381,991 over the eight years and two months to December 2024, the following assumptions must hold true:

• The value of MICKLEGARTH has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2015 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of MICKLEGARTH has not materially changed since February 2015.

How Large is MICKLEGARTH?

MICKLEGARTH is 161m², which includes two extensions, according to the EPC inspection conducted in November 2010. This puts it in the largest 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 MICKLEGARTH lies on this distribution: 78% of detached houses houses are smaller than MICKLEGARTH, and 23% of houses are larger. Note that EPC data is not available for all properties in Grainthorpe.

MICKLEGARTH: Plot and Title Map

MICKLEGARTH sits on a plot of roughly 0.233 of an acre, or 942m². The below map shows the location of MICKLEGARTH, 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 MICKLEGARTH). 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 MICKLEGARTH?

MICKLEGARTH is located on MILL LANE in GRAINTHORPE, in the LN11 postcode district. The below map shows the position of MICKLEGARTH on MILL LANE.