3E, BUTT LANE, LACEBY, GRIMSBY, DN37 7BB - £168,000

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.

3E BUTT LANE is a very small terraced house of 67m², built sometime between 1983 and 1990, which could now be worth an estimated £173,055. It was last sold for £168,000 in October 2023, which was around 47% above the average October 2023 terraced price in the North East Lincolnshire local authority area. The most recent EPC inspection was November 2013, where the current energy rating was D, and the potential energy rating was B.

3E BUTT LANE Sold Prices

Land registry data shows three sales for 3E BUTT LANE 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 3E BUTT LANE 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
2023 26 OCT	£168,000	£114,150	47% above HPI
2021 21 JUN	£135,500	£102,713	32% above HPI
1999 22 JUN	£48,000	£29,912	60% above HPI

3E BUTT LANE 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 3E BUTT LANE sales between June 1999 and October 2023 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 2021 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the October 2023 sale, where it rises to 47% above the HPI. The line then continues to track at 47% above the HPI.

What might 3E BUTT LANE be worth now?

3E BUTT LANE might now be worth an estimated £173,055.

This is based on house price inflation of 3%, between October 2023 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 3% inflationary increase is applied to the most recent sale price for 3E BUTT LANE of £168,000 on 26th October 2023. For the value to have increased from £168,000 to £173,055 over the three years and five months to May 2026, the following assumptions must hold true:

• The value of 3E BUTT LANE has moved in line with the HPI for terraced houses in the North East Lincolnshire local authority area.
• The October 2023 sale price of £168,000 represented a fair market value for the property.
• The size, condition, and specification of 3E BUTT LANE has not materially changed since October 2023.

How Large is 3E BUTT LANE?

3E BUTT LANE is 67m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 10% of terraced houses houses in Laceby, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Laceby, and where 3E BUTT LANE lies on this distribution: 3% of terraced houses houses are smaller than 3E BUTT LANE, and 97% of houses are larger. Note that EPC data is not available for all properties in Laceby.

3E BUTT LANE: Plot and Title Map

3E BUTT LANE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of 3E BUTT LANE, 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 3E BUTT LANE). 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 3E BUTT LANE?

3E BUTT LANE is located in LACEBY, in the DN37 postcode district. The below map shows the position of No. 3E on BUTT LANE.