SCHOOL HOUSE, MILL LANE, MARSHCHAPEL, GRIMSBY, DN36 5SU - £365,000

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.

SCHOOL HOUSE is a large extended detached house of 149m², built sometime between 1930 and 1949, which could now be worth an estimated £364,435. It was last sold for £365,000 in November 2022, which was around 27% above the average November 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2020, where the current energy rating was E, and the potential energy rating was C.

SCHOOL HOUSE Sold Prices

Land registry data shows three sales for SCHOOL HOUSE 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 SCHOOL HOUSE sales were for above 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
2022 7 NOV	£365,000	£286,696	27% above HPI
2021 23 JUN	£280,000	£241,941	16% above HPI
2000 29 FEB	£82,500	£74,462	11% above HPI

SCHOOL HOUSE 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 SCHOOL HOUSE sales between February 2000 and November 2022 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 June 2021 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the November 2022 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might SCHOOL HOUSE be worth now?

SCHOOL HOUSE might now be worth an estimated £364,435.

This is based on house price deflation of 0.2%, between November 2022 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 0.2% deflationary decrease is applied to the most recent sale price for SCHOOL HOUSE of £365,000 on 7th November 2022. For the value to have decreased from £365,000 to £364,435 over the three years and nine months to February 2025, the following assumptions must hold true:

• The value of SCHOOL HOUSE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2022 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of SCHOOL HOUSE has not materially changed since November 2022.

How Large is SCHOOL HOUSE?

SCHOOL HOUSE is 149m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 40% of detached houses houses in Marshchapel, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marshchapel, and where SCHOOL HOUSE lies on this distribution: 69% of detached houses houses are smaller than SCHOOL HOUSE, and 31% of houses are larger. Note that EPC data is not available for all properties in Marshchapel.

SCHOOL HOUSE: Plot and Title Map

SCHOOL HOUSE sits on a plot of roughly 0.126 of an acre, or 510m². The below map shows the location of SCHOOL HOUSE, 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 SCHOOL HOUSE). 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 SCHOOL HOUSE?

SCHOOL HOUSE is located on MILL LANE in MARSHCHAPEL, in the DN36 postcode district. The below map shows the position of SCHOOL HOUSE on MILL LANE.