WEAVERS, MILL LANE, GRAINTHORPE, LOUTH, LN11 7HU - £265,000

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

WEAVERS is a large detached house of 146m², built sometime between 1991 and 1995. It was last sold for £265,000 in October 2020, which was around 19% above the average October 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

WEAVERS Sold Prices

Land registry data shows two sales for WEAVERS 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. Both of the two WEAVERS 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
2020 1 OCT	£265,000	£223,136	19% above HPI
2001 24 AUG	£117,000	£83,628	40% above HPI

WEAVERS 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 WEAVERS sales from August 2001 and October 2020 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 2001 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the October 2020 sale, where it falls to 19% above the HPI. The line then continues to track at 19% above the HPI.

How Large is WEAVERS?

WEAVERS is 146m² according to the EPC inspection conducted in January 2015. This puts it in the largest 40% of detached houses in Grainthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Grainthorpe, and where WEAVERS lies on this distribution: 67% of detached houses are smaller than WEAVERS, and 33% of houses are larger. Note that EPC data is not available for all properties in Grainthorpe.

WEAVERS: Plot and Title Map

WEAVERS sits on a plot of roughly 0.180 of an acre, or 730m². The below map shows the location of WEAVERS, 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 WEAVERS). 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 WEAVERS?

WEAVERS is located on MILL LANE in GRAINTHORPE, in the LN11 postcode district. The below map shows the position of WEAVERS on MILL LANE.