NEWLANDS, GRAINGERS ROAD, HORNSEA, HU18 1QE - £122,000

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.

NEWLANDS is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £203,104. It was last sold for £122,000 in November 2012, which was around 40% below the average November 2012 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was April 2010, where the current energy rating was E, and the potential energy rating was D.

NEWLANDS Sold Prices

Land registry data shows five sales for NEWLANDS since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Riding of Yorkshire local authority area for the corresponding sale date. All of the five NEWLANDS 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
2012 15 NOV	£122,000	£204,928	40% below HPI
2010 27 SEP	£135,000	£215,778	37% below HPI
2005 26 AUG	£129,000	£204,402	37% below HPI
2001 17 SEP	£64,950	£100,409	35% below HPI
1998 16 JUN	£53,000	£79,282	33% below HPI

NEWLANDS Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The five NEWLANDS sales between June 1998 and November 2012 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 2010 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the November 2012 sale, where it falls to 40% below the HPI. The line then continues to track at 40% below the HPI.

What might NEWLANDS be worth now?

NEWLANDS might now be worth an estimated £203,104.

This is based on house price inflation of 66.5%, between November 2012 and February 2025, for detached houses, in the East Riding of Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 66.5% inflationary increase is applied to the most recent sale price for NEWLANDS of £122,000 on 15th November 2012. For the value to have increased from £122,000 to £203,104 over the thirteen years and nine months to February 2025, the following assumptions must hold true:

• The value of NEWLANDS has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The November 2012 sale price of £122,000 represented a fair market value for the property.
• The size, condition, and specification of NEWLANDS has not materially changed since November 2012.

How Large is NEWLANDS?

NEWLANDS is 70m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 10% of detached houses houses in Hornsea, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hornsea, and where NEWLANDS lies on this distribution: 9% of detached houses houses are smaller than NEWLANDS, and 91% of houses are larger. Note that EPC data is not available for all properties in Hornsea.

NEWLANDS: Plot and Title Map

NEWLANDS sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of NEWLANDS, 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 NEWLANDS). 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 NEWLANDS?

NEWLANDS is located on GRAINGERS ROAD in HORNSEA, in the HU18 postcode district. The below map shows the position of NEWLANDS on GRAINGERS ROAD.