SPINDRIFT, WRAGHOLME ROAD, GRAINTHORPE, LOUTH, LN11 7JD - £365,000

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.

SPINDRIFT is a very large extended detached house of 202m², built sometime between 1983 and 1990, which could now be worth an estimated £401,007. It was last sold for £365,000 in January 2021, which was around 52% above the average January 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

SPINDRIFT Sold Prices

Land registry data shows two sales for SPINDRIFT 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 SPINDRIFT 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
2021 6 JAN	£365,000	£239,575	52% above HPI
1997 30 APR	£85,000	£58,900	44% above HPI

SPINDRIFT 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 SPINDRIFT sales from April 1997 and January 2021 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 April 1997 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the January 2021 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might SPINDRIFT be worth now?

SPINDRIFT might now be worth an estimated £401,007.

This is based on house price inflation of 9.9%, between January 2021 and June 2025, 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 9.9% inflationary increase is applied to the most recent sale price for SPINDRIFT of £365,000 on 6th January 2021. For the value to have increased from £365,000 to £401,007 over the three years and seven months to June 2025, the following assumptions must hold true:

• The value of SPINDRIFT has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The January 2021 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of SPINDRIFT has not materially changed since January 2021.

How Large is SPINDRIFT?

SPINDRIFT is 202m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the largest 20% of detached houses houses in Grainthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grainthorpe, and where SPINDRIFT lies on this distribution: 88% of detached houses houses are smaller than SPINDRIFT, and 12% of houses are larger. Note that EPC data is not available for all properties in Grainthorpe.

SPINDRIFT: Plot and Title Map

SPINDRIFT sits on a plot of roughly 0.282 of an acre, or 1,142m². The below map shows the location of SPINDRIFT, 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 SPINDRIFT). 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 SPINDRIFT?

SPINDRIFT is located on WRAGHOLME ROAD in GRAINTHORPE, in the LN11 postcode district. The below map shows the position of SPINDRIFT on WRAGHOLME ROAD.