15, LAUREL CLOSE, GAINSBOROUGH, DN21 1FE - £74,000

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.

15 LAUREL CLOSE is a very small terraced house of 43m², built sometime between 1976 and 1982, which could now be worth an estimated £76,584. It was last sold for £74,000 in June 2021, which was around 44% below the average June 2021 terraced price in the West Lindsey local authority area. The most recent EPC inspection was October 2020, where the current energy rating was D, and the potential energy rating was B.

15 LAUREL CLOSE Sold Prices

Land registry data shows three sales for 15 LAUREL CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. All of the three 15 LAUREL 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
2021 1 JUN	£74,000	£132,058	44% below HPI
2007 10 AUG	£83,000	£104,266	20% below HPI
2003 17 OCT	£58,500	£69,158	15% below HPI

15 LAUREL CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Lindsey local authority area over time, sourced from the HPI. The three 15 LAUREL CLOSE sales between October 2003 and June 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 August 2007 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the June 2021 sale, where it falls to 44% below the HPI. The line then continues to track at 44% below the HPI.

What might 15 LAUREL CLOSE be worth now?

15 LAUREL CLOSE might now be worth an estimated £76,584.

This is based on house price inflation of 3.5%, between June 2021 and June 2025, for terraced 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 3.5% inflationary increase is applied to the most recent sale price for 15 LAUREL CLOSE of £74,000 on 1st June 2021. For the value to have increased from £74,000 to £76,584 over the four years to June 2025, the following assumptions must hold true:

• The value of 15 LAUREL CLOSE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The June 2021 sale price of £74,000 represented a fair market value for the property.
• The size, condition, and specification of 15 LAUREL CLOSE has not materially changed since June 2021.

How Large is 15 LAUREL CLOSE?

15 LAUREL CLOSE is 43m² according to the EPC inspection conducted in October 2020. This puts it in the smallest 10% of terraced houses houses in Gainsborough, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gainsborough, and where 15 LAUREL CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 15 LAUREL CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

15 LAUREL CLOSE: Plot and Title Map

15 LAUREL CLOSE sits on a plot of roughly 0.017 of an acre, or 70m². The below map shows the location of 15 LAUREL 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 15 LAUREL 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 15 LAUREL CLOSE?

15 LAUREL CLOSE is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 15 on LAUREL CLOSE.