1, CHESTNUT CLOSE, SCOTTER, GAINSBOROUGH, DN21 3UW - £157,000

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.

1 CHESTNUT CLOSE is a small extended detached house of 92m², built sometime between 1976 and 1982, which could now be worth an estimated £223,491. It was last sold for £157,000 in September 2016, which was around 23% below the average September 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2015, where the current energy rating was D, and the potential energy rating was C.

1 CHESTNUT CLOSE Sold Prices

Land registry data shows three sales for 1 CHESTNUT CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 1 CHESTNUT CLOSE 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 23 SEP	£157,000	£204,504	23% below HPI
2007 28 JUN	£145,000	£188,580	23% below HPI
1999 7 MAY	£60,000	£66,511	10% below HPI

1 CHESTNUT CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 1 CHESTNUT CLOSE sales between May 1999 and September 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 June 2007 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the September 2016 sale, which was also at 23% below the HPI.

What might 1 CHESTNUT CLOSE be worth now?

1 CHESTNUT CLOSE might now be worth an estimated £223,491.

This is based on house price inflation of 42.4%, between September 2016 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.4% inflationary increase is applied to the most recent sale price for 1 CHESTNUT CLOSE of £157,000 on 23rd September 2016. For the value to have increased from £157,000 to £223,491 over the nine years and seven months to February 2025, the following assumptions must hold true:

• The value of 1 CHESTNUT CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2016 sale price of £157,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHESTNUT CLOSE has not materially changed since September 2016.

How Large is 1 CHESTNUT CLOSE?

1 CHESTNUT CLOSE is 92m², which includes two extensions, according to the EPC inspection conducted in April 2015. This puts it in the smallest 30% of detached houses houses in Scotter, based on EPC data. The below chart shows the distribution of detached houses houses by size in Scotter, and where 1 CHESTNUT CLOSE lies on this distribution: 25% of detached houses houses are smaller than 1 CHESTNUT CLOSE, and 74% of houses are larger. Note that EPC data is not available for all properties in Scotter.

1 CHESTNUT CLOSE: Plot and Title Map

1 CHESTNUT CLOSE sits on a plot of roughly 0.103 of an acre, or 417m². The below map shows the location of 1 CHESTNUT CLOSE, 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 1 CHESTNUT CLOSE). 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 1 CHESTNUT CLOSE?

1 CHESTNUT CLOSE is located in SCOTTER, in the DN21 postcode district. The below map shows the position of No. 1 on CHESTNUT CLOSE.