248, CROMWELL ROAD, GRIMSBY, DN31 2BX - £74,950

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.

248 CROMWELL ROAD is a very small terraced house of 80m², built sometime between 1950 and 1966, which could now be worth an estimated £100,936. It was last sold for £74,950 in August 2017, which was around 14% below the average August 2017 terraced price in the North East Lincolnshire local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

248 CROMWELL ROAD Sold Prices

Land registry data shows three sales for 248 CROMWELL ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the North East Lincolnshire local authority area for the corresponding sale date. All of the three 248 CROMWELL ROAD 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
2017 18 AUG	£74,950	£87,313	14% below HPI
2014 15 AUG	£50,000	£80,574	38% below HPI
2007 27 APR	£69,500	£87,056	20% below HPI

248 CROMWELL ROAD Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North East Lincolnshire local authority area over time, sourced from the HPI. The three 248 CROMWELL ROAD sales between April 2007 and August 2017 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 2014 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the August 2017 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might 248 CROMWELL ROAD be worth now?

248 CROMWELL ROAD might now be worth an estimated £100,936.

This is based on house price inflation of 34.7%, between August 2017 and May 2026, for terraced 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 34.7% inflationary increase is applied to the most recent sale price for 248 CROMWELL ROAD of £74,950 on 18th August 2017. For the value to have increased from £74,950 to £100,936 over the nine years and three months to May 2026, the following assumptions must hold true:

• The value of 248 CROMWELL ROAD has moved in line with the HPI for terraced houses in the North East Lincolnshire local authority area.
• The August 2017 sale price of £74,950 represented a fair market value for the property.
• The size, condition, and specification of 248 CROMWELL ROAD has not materially changed since August 2017.

How Large is 248 CROMWELL ROAD?

248 CROMWELL ROAD is 80m² according to the EPC inspection conducted in June 2017. This puts it in the smallest 20% of terraced houses houses in Grimsby, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Grimsby, and where 248 CROMWELL ROAD lies on this distribution: 17% of terraced houses houses are smaller than 248 CROMWELL ROAD, and 82% of houses are larger. Note that EPC data is not available for all properties in Grimsby.

248 CROMWELL ROAD: Plot and Title Map

248 CROMWELL ROAD sits on a plot of roughly 0.034 of an acre, or 136m². The below map shows the location of 248 CROMWELL ROAD, 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 248 CROMWELL ROAD). 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 248 CROMWELL ROAD?

248 CROMWELL ROAD is located in GRIMSBY, in the DN31 postcode district. The below map shows the position of No. 248 on CROMWELL ROAD.