THE HEDGES, SPINNEY CLOSE, GRIMOLDBY, LOUTH, LN11 8SY - £177,000

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

THE HEDGES is a small detached house of 96m², built sometime between 1976 and 1982. It was last sold for £177,000 in February 2016, which was around 5% below the average February 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2018, where the current energy rating was C, and the potential energy rating was B.

THE HEDGES Sold Prices

Land registry data shows three sales for THE HEDGES 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. Two of the three THE HEDGES sales were for below the average price, whilst one was 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
2016 26 FEB	£177,000	£187,232	5% below HPI
2003 28 NOV	£150,000	£139,417	8% above HPI
2000 27 JUL	£73,000	£75,156	3% below HPI

THE HEDGES 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 THE HEDGES sales between July 2000 and February 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 November 2003 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the February 2016 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is THE HEDGES?

THE HEDGES is 96m² according to the EPC inspection conducted in December 2018. This puts it in the smallest 30% of detached houses in Grimoldby, based on EPC data. The below chart shows the distribution of detached houses by size in Grimoldby, and where THE HEDGES lies on this distribution: 29% of detached houses are smaller than THE HEDGES, and 70% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

THE HEDGES: Plot and Title Map

THE HEDGES sits on a plot of roughly 0.158 of an acre, or 640m². The below map shows the location of THE HEDGES, 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 THE HEDGES). 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 THE HEDGES?

THE HEDGES is located on SPINNEY CLOSE in GRIMOLDBY, in the LN11 postcode district. The below map shows the position of THE HEDGES on SPINNEY CLOSE.