FAIRVIEW, MANBY MIDDLEGATE, GRIMOLDBY, LOUTH, LN11 8ST - £275,000

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.

FAIRVIEW is a very large extended detached house of 178m², built sometime before 1900, which could now be worth an estimated £352,053. It was last sold for £275,000 in June 2019, which was around 26% above the average June 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was C.

FAIRVIEW Sold Prices

Land registry data shows two sales for FAIRVIEW 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 FAIRVIEW 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
2019 18 JUN	£275,000	£218,478	26% above HPI
2005 10 JAN	£250,000	£169,109	48% above HPI

FAIRVIEW 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 FAIRVIEW sales from January 2005 and June 2019 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 January 2005 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the June 2019 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might FAIRVIEW be worth now?

FAIRVIEW might now be worth an estimated £352,053.

This is based on house price inflation of 28%, between June 2019 and March 2026, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28% inflationary increase is applied to the most recent sale price for FAIRVIEW of £275,000 on 18th June 2019. For the value to have increased from £275,000 to £352,053 over the seven years and three months to March 2026, the following assumptions must hold true:

• The value of FAIRVIEW has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2019 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of FAIRVIEW has not materially changed since June 2019.

How Large is FAIRVIEW?

FAIRVIEW is 178m², which includes three extensions, according to the EPC inspection conducted in March 2018. This puts it in the largest 20% of detached houses houses in Grimoldby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grimoldby, and where FAIRVIEW lies on this distribution: 86% of detached houses houses are smaller than FAIRVIEW, and 14% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

FAIRVIEW: Plot and Title Map

FAIRVIEW sits on a plot of roughly 0.380 of an acre, or 1,537m². The below map shows the location of FAIRVIEW, 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 FAIRVIEW). 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 FAIRVIEW?

FAIRVIEW is located on MANBY MIDDLEGATE in GRIMOLDBY, in the LN11 postcode district. The below map shows the position of FAIRVIEW on MANBY MIDDLEGATE.