MINERVA, BORMANS LANE, NORTH THORESBY, GRIMSBY, DN36 5RQ - £200,000

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.

MINERVA is a small detached house of 113m², built sometime between 1950 and 1966, which could now be worth an estimated £324,012. It was last sold for £200,000 in January 2015, which was around 13% above the average January 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was C.

MINERVA Sold Prices

Land registry data shows three sales for MINERVA 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. One of the three MINERVA sales was for above the average price, whilst two 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
2015 6 JAN	£200,000	£176,692	13% above HPI
2006 24 MAY	£172,000	£181,899	5% below HPI
2001 28 NOV	£86,950	£90,811	4% below HPI

MINERVA 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 MINERVA sales between November 2001 and January 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 May 2006 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the January 2015 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might MINERVA be worth now?

MINERVA might now be worth an estimated £324,012.

This is based on house price inflation of 62%, between January 2015 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 62% inflationary increase is applied to the most recent sale price for MINERVA of £200,000 on 6th January 2015. For the value to have increased from £200,000 to £324,012 over the nine years and eleven months to February 2025, the following assumptions must hold true:

• The value of MINERVA has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2015 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of MINERVA has not materially changed since January 2015.

How Large is MINERVA?

MINERVA is 113m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 40% of detached houses houses in North Thoresby, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Thoresby, and where MINERVA lies on this distribution: 35% of detached houses houses are smaller than MINERVA, and 64% of houses are larger. Note that EPC data is not available for all properties in North Thoresby.

MINERVA: Plot and Title Map

MINERVA sits on a plot of roughly 0.130 of an acre, or 528m². The below map shows the location of MINERVA, 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 MINERVA). 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 MINERVA?

MINERVA is located on BORMANS LANE in NORTH THORESBY, in the DN36 postcode district. The below map shows the position of MINERVA on BORMANS LANE.