THE ORCHARDS, MAIN ROAD, GRAINTHORPE, LOUTH, LN11 7JS - £220,000

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 ORCHARDS is a very small detached house of 51m², built sometime between 1967 and 1975, which could now be worth an estimated £220,720. It was last sold for £220,000 in October 2022, which was around 23% below the average October 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2013, where the current energy rating was D, and the potential energy rating was A.

THE ORCHARDS Sold Prices

Land registry data shows four sales for THE ORCHARDS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four THE ORCHARDS 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
2022 3 OCT	£220,000	£283,963	23% below HPI
2014 10 JUL	£130,000	£177,094	27% below HPI
2007 26 FEB	£135,000	£183,541	26% below HPI
2006 29 SEP	£114,000	£178,910	36% below HPI

THE ORCHARDS 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 four THE ORCHARDS sales between September 2006 and October 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 July 2014 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the October 2022 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might THE ORCHARDS be worth now?

THE ORCHARDS might now be worth an estimated £220,720.

This is based on house price inflation of 0.3%, between October 2022 and December 2024, 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 0.3% inflationary increase is applied to the most recent sale price for THE ORCHARDS of £220,000 on 3rd October 2022. For the value to have increased from £220,000 to £220,720 over the one year and ten months to December 2024, the following assumptions must hold true:

• The value of THE ORCHARDS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The October 2022 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of THE ORCHARDS has not materially changed since October 2022.

How Large is THE ORCHARDS?

THE ORCHARDS is 51m² according to the EPC inspection conducted in June 2013. This puts it in the smallest 10% of detached houses houses in Grainthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grainthorpe, and where THE ORCHARDS lies on this distribution: Less than 1% of detached houses houses are smaller than THE ORCHARDS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Grainthorpe.

THE ORCHARDS: Plot and Title Map

THE ORCHARDS sits on a plot of roughly 0.283 of an acre, or 1,145m². The below map shows the location of THE ORCHARDS, 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 ORCHARDS). 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 ORCHARDS?

THE ORCHARDS is located on MAIN ROAD in GRAINTHORPE, in the LN11 postcode district. The below map shows the position of THE ORCHARDS on MAIN ROAD.