REACHFIELDS, CHURCH LANE, MARSHCHAPEL, GRIMSBY, DN36 5TW - £300,000

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

REACHFIELDS is a midsized extended detached house of 106m², built sometime between 1967 and 1975. It was last sold for £300,000 in November 2021, which was around 17% above the average November 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2014, where the current energy rating was D, and the potential energy rating was B.

REACHFIELDS Sold Prices

Land registry data shows two sales for REACHFIELDS 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. One of the two REACHFIELDS sales was for above the average price, whilst the other was 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
2021 19 NOV	£300,000	£257,326	17% above HPI
2004 19 MAR	£120,000	£149,981	20% below HPI

REACHFIELDS 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 REACHFIELDS sales from March 2004 and November 2021 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 March 2004 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the November 2021 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

How Large is REACHFIELDS?

REACHFIELDS is 106m², which includes three extensions, according to the EPC inspection conducted in November 2014. This puts it in the smallest 50% of detached houses in Marshchapel, based on EPC data. The below chart shows the distribution of detached houses by size in Marshchapel, and where REACHFIELDS lies on this distribution: 42% of detached houses are smaller than REACHFIELDS, and 58% of houses are larger. Note that EPC data is not available for all properties in Marshchapel.

REACHFIELDS: Plot and Title Map

REACHFIELDS sits on a plot of roughly 0.125 of an acre, or 506m². The below map shows the location of REACHFIELDS, 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 REACHFIELDS). 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 REACHFIELDS?

REACHFIELDS is located on CHURCH LANE in MARSHCHAPEL, in the DN36 postcode district. The below map shows the position of REACHFIELDS on CHURCH LANE.