16, THE DRIVE, WALTHAM, GRIMSBY, DN37 0FB - £475,000

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.

16 THE DRIVE is a very large detached house of 252m², built sometime between 2003 and 2006, which could now be worth an estimated £725,205. It was last sold for £475,000 in August 2011, which was around 202% above the average August 2011 detached price in the North East Lincolnshire local authority area. The most recent EPC inspection was May 2011, where the current energy rating was D, and the potential energy rating was C.

16 THE DRIVE Sold Prices

Land registry data shows three sales for 16 THE DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North East Lincolnshire local authority area for the corresponding sale date. All of the three 16 THE DRIVE 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
2011 10 AUG	£475,000	£157,474	202% above HPI
2006 15 SEP	£450,000	£163,651	175% above HPI
2000 8 DEC	£82,500	£72,181	14% above HPI

16 THE DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North East Lincolnshire local authority area over time, sourced from the HPI. The three 16 THE DRIVE sales between December 2000 and August 2011 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 September 2006 sale was for 175% above the HPI. So the extrapolation line tracks at 175% above the HPI over time, until the August 2011 sale, where it rises to 202% above the HPI. The line then continues to track at 202% above the HPI.

What might 16 THE DRIVE be worth now?

16 THE DRIVE might now be worth an estimated £725,205.

This is based on house price inflation of 52.7%, between August 2011 and May 2026, for detached houses, in the North East Lincolnshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 52.7% inflationary increase is applied to the most recent sale price for 16 THE DRIVE of £475,000 on 10th August 2011. For the value to have increased from £475,000 to £725,205 over the fifteen years and three months to May 2026, the following assumptions must hold true:

• The value of 16 THE DRIVE has moved in line with the HPI for detached houses in the North East Lincolnshire local authority area.
• The August 2011 sale price of £475,000 represented a fair market value for the property.
• The size, condition, and specification of 16 THE DRIVE has not materially changed since August 2011.

How Large is 16 THE DRIVE?

16 THE DRIVE is 252m² according to the EPC inspection conducted in May 2011. This puts it in the largest 10% of detached houses houses in Waltham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Waltham, and where 16 THE DRIVE lies on this distribution: 93% of detached houses houses are smaller than 16 THE DRIVE, and 7% of houses are larger. Note that EPC data is not available for all properties in Waltham.

16 THE DRIVE: Plot and Title Map

16 THE DRIVE sits on a plot of roughly 0.245 of an acre, or 993m². The below map shows the location of 16 THE DRIVE, 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 16 THE DRIVE). 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 16 THE DRIVE?

16 THE DRIVE is located in WALTHAM, in the DN37 postcode district. The below map shows the position of No. 16 on THE DRIVE.