TEATHERS LODGE, PRIORY LANE, GRIMOLDBY, LOUTH, LN11 8SP - £385,000

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.

TEATHERS LODGE is a very large detached house of 280m², built sometime between 1996 and 2002, which could now be worth an estimated £615,991. It was last sold for £385,000 in September 2006, which was around 115% above the average September 2006 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2014, where the current energy rating was C, and the potential energy rating was B.

TEATHERS LODGE Sold Prices

Land registry data shows two sales for TEATHERS LODGE 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 TEATHERS LODGE 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
2006 25 SEP	£385,000	£178,910	115% above HPI
1999 8 OCT	£39,000	£68,759	43% below HPI

TEATHERS LODGE 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 TEATHERS LODGE sales from October 1999 and September 2006 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 October 1999 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the September 2006 sale, where it rises to 115% above the HPI. The line then continues to track at 115% above the HPI.

What might TEATHERS LODGE be worth now?

TEATHERS LODGE might now be worth an estimated £615,991.

This is based on house price inflation of 60%, between September 2006 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 60% inflationary increase is applied to the most recent sale price for TEATHERS LODGE of £385,000 on 25th September 2006. For the value to have increased from £385,000 to £615,991 over the nineteen years and seven months to February 2025, the following assumptions must hold true:

• The value of TEATHERS LODGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The September 2006 sale price of £385,000 represented a fair market value for the property.
• The size, condition, and specification of TEATHERS LODGE has not materially changed since September 2006.

How Large is TEATHERS LODGE?

TEATHERS LODGE is 280m² according to the EPC inspection conducted in December 2014. This puts it in the largest 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 TEATHERS LODGE lies on this distribution: 99% of detached houses houses are smaller than TEATHERS LODGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

TEATHERS LODGE: Plot and Title Map

TEATHERS LODGE sits on a plot of roughly 0.421 of an acre, or 1,702m². The below map shows the location of TEATHERS LODGE, 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 TEATHERS LODGE). 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 TEATHERS LODGE?

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