ORCHARDS, PRIORY LANE, GRIMOLDBY, LOUTH, LN11 8SP - £135,000

ORCHARDS is a very small detached house of 66m², built sometime between 1967 and 1975. It was last sold for £135,000 in December 2016, which was around 32% below the average December 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2016, where the current energy rating was G, and the potential energy rating was B.

ORCHARDS Sold Prices

Land registry data shows three sales for ORCHARDS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three ORCHARDS 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
2016 22 DEC	£135,000	£197,369	32% below HPI
1997 9 SEP	£29,794	£62,540	52% below HPI
1997 30 MAY	£50,000	£59,416	16% below HPI

ORCHARDS 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 three ORCHARDS sales between May 1997 and December 2016 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 1997 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the December 2016 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is ORCHARDS?

ORCHARDS is 66m² according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses in Grimoldby, based on EPC data. The below chart shows the distribution of detached houses by size in Grimoldby, and where ORCHARDS lies on this distribution: 3% of detached houses are smaller than ORCHARDS, and 97% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

ORCHARDS: Plot and Title Map

ORCHARDS sits on a plot of roughly 0.189 of an acre, or 764m². The below map shows the location of ORCHARDS, 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 ORCHARDS). 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 ORCHARDS?

ORCHARDS is located on PRIORY LANE in GRIMOLDBY, in the LN11 postcode district. The below map shows the position of ORCHARDS on PRIORY LANE.