RHAPSODY, TINKLE STREET, GRIMOLDBY, LOUTH, LN11 8SZ - £91,500

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

RHAPSODY is a very small extended semi-detached house of 67m², built sometime between 1983 and 1990. It was last sold for £91,500 in July 2012, which was around 44% below the average July 2012 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was D.

RHAPSODY Sold Prices

Land registry data shows two sales for RHAPSODY 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 RHAPSODY 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 10 JUL	£91,500	£162,579	44% below HPI
1998 10 JUL	£49,000	£65,105	25% below HPI

RHAPSODY 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 RHAPSODY sales from July 1998 and July 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 July 1998 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the July 2012 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

How Large is RHAPSODY?

RHAPSODY is 67m², which includes one extension, according to the EPC inspection conducted in August 2011. This puts it in the smallest 10% of detached houses in Grimoldby, based on EPC data. The below chart shows the distribution of detached houses by size in Grimoldby, and where RHAPSODY lies on this distribution: 3% of detached houses are smaller than RHAPSODY, and 97% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

RHAPSODY: Plot and Title Map

RHAPSODY sits on a plot of roughly 0.092 of an acre, or 372m². The below map shows the location of RHAPSODY, 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 RHAPSODY). 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 RHAPSODY?

RHAPSODY is located on TINKLE STREET in GRIMOLDBY, in the LN11 postcode district. The below map shows the position of RHAPSODY on TINKLE STREET.