ORCHARDS, PRIORY LANE, GRIMOLDBY, LOUTH, LN11 8SP - £135,000

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

ORCHARDS is a very small detached house of 66m², built sometime between 1967 and 1975, which could now be worth an estimated £192,068. It was last sold for £135,000 in December 2016, which was around 33% below the average December 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2016, where the current energy rating was G, and the potential energy rating was B.

ORCHARDS Sold Prices

Land registry data shows three sales for ORCHARDS 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 ORCHARDS 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
2016 22 DEC	£135,000	£200,244	33% below HPI
1997 9 SEP	£29,794	£63,452	53% below HPI
1997 30 MAY	£50,000	£60,282	17% below HPI

ORCHARDS 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 ORCHARDS sales between May 1997 and December 2016 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 1997 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the December 2016 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might ORCHARDS be worth now?

ORCHARDS might now be worth an estimated £192,068.

This is based on house price inflation of 42.3%, between December 2016 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 42.3% inflationary increase is applied to the most recent sale price for ORCHARDS of £135,000 on 22nd December 2016. For the value to have increased from £135,000 to £192,068 over the eight years to December 2024, the following assumptions must hold true:

• The value of ORCHARDS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The December 2016 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of ORCHARDS has not materially changed since December 2016.

How Large is ORCHARDS?

ORCHARDS is 66m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 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 ORCHARDS lies on this distribution: 3% of detached houses houses are smaller than ORCHARDS, and 97% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

ORCHARDS: Plot and Title Map

ORCHARDS sits on a plot of roughly 0.189 of an acre, or 764m². The below map shows the location of ORCHARDS, 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 ORCHARDS). 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 ORCHARDS?

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