THE LAURELS, POPLAR LANE, CORRINGHAM, GAINSBOROUGH, DN21 5QL - £180,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE LAURELS is a very small detached house of 59m², built sometime between 1996 and 2002, which could now be worth an estimated £180,335. It was last sold for £180,000 in August 2023, which was around 37% below the average August 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2022, where the current energy rating was C, and the potential energy rating was A.

THE LAURELS Sold Prices

Land registry data shows two sales for THE LAURELS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two THE LAURELS 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
2023 11 AUG	£180,000	£284,389	37% below HPI
2010 12 AUG	£80,000	£192,601	58% below HPI

THE LAURELS Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two THE LAURELS sales from August 2010 and August 2023 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 August 2010 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the August 2023 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might THE LAURELS be worth now?

THE LAURELS might now be worth an estimated £180,335.

This is based on house price inflation of 0.2%, between August 2023 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.2% inflationary increase is applied to the most recent sale price for THE LAURELS of £180,000 on 11th August 2023. For the value to have increased from £180,000 to £180,335 over the eight months to December 2024, the following assumptions must hold true:

• The value of THE LAURELS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2023 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of THE LAURELS has not materially changed since August 2023.

How Large is THE LAURELS?

THE LAURELS is 59m² according to the EPC inspection conducted in May 2022. This puts it in the smallest 10% of detached houses houses in Corringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Corringham, and where THE LAURELS lies on this distribution: Less than 1% of detached houses houses are smaller than THE LAURELS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Corringham.

THE LAURELS: Plot and Title Map

THE LAURELS sits on a plot of roughly 244.2 acres, or 988,072m². The below map shows the location of THE LAURELS, 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 LAURELS). 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 LAURELS?

THE LAURELS is located on POPLAR LANE in CORRINGHAM, in the DN21 postcode district. The below map shows the position of THE LAURELS on POPLAR LANE.