2B, SPRING BANK, GRIMSBY, DN34 4BG - £63,750

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.

2B SPRING BANK is a very small terraced house of 61m², built sometime between 1983 and 1990, which could now be worth an estimated £97,413. It was last sold for £63,750 in October 2013, which was around 17% below the average October 2013 terraced price in the North East Lincolnshire local authority area. The most recent EPC inspection was August 2013, where the current energy rating was C, and the potential energy rating was B.

2B SPRING BANK Sold Prices

Land registry data shows two sales for 2B SPRING BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the North East Lincolnshire local authority area for the corresponding sale date. One of the two 2B SPRING BANK sales was for below the average price, whilst the other was 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
2013 11 OCT	£63,750	£76,903	17% below HPI
2000 30 JUN	£35,000	£28,246	24% above HPI

2B SPRING BANK 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 two 2B SPRING BANK sales from June 2000 and October 2013 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 June 2000 sale was for 24% above the HPI. So the extrapolation line tracks at 24% above the HPI over time, until the October 2013 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 2B SPRING BANK be worth now?

2B SPRING BANK might now be worth an estimated £97,413.

This is based on house price inflation of 52.8%, between October 2013 and July 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 52.8% inflationary increase is applied to the most recent sale price for 2B SPRING BANK of £63,750 on 11th October 2013. For the value to have increased from £63,750 to £97,413 over the thirteen years and three months to July 2026, the following assumptions must hold true:

• The value of 2B SPRING BANK has moved in line with the HPI for terraced houses in the North East Lincolnshire local authority area.
• The October 2013 sale price of £63,750 represented a fair market value for the property.
• The size, condition, and specification of 2B SPRING BANK has not materially changed since October 2013.

How Large is 2B SPRING BANK?

2B SPRING BANK is 61m² according to the EPC inspection conducted in August 2013. This puts it in the smallest 10% 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 2B SPRING BANK lies on this distribution: 3% of terraced houses houses are smaller than 2B SPRING BANK, and 96% of houses are larger. Note that EPC data is not available for all properties in Grimsby.

2B SPRING BANK: Plot and Title Map

2B SPRING BANK sits on a plot of roughly 0.038 of an acre, or 153m². The below map shows the location of 2B SPRING BANK, 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 2B SPRING BANK). 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 2B SPRING BANK?

2B SPRING BANK is located in GRIMSBY, in the DN34 postcode district. The below map shows the position of No. 2B on SPRING BANK.