18, FARM CLOSE, GUNNESS, SCUNTHORPE, DN15 8SR - £129,950

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.

18 FARM CLOSE is a very small terraced house of 56m², built sometime between 1976 and 1982, which could now be worth an estimated £170,743. It was last sold for £129,950 in June 2019, which was around 29% above the average June 2019 terraced price in the North Lincolnshire local authority area. The most recent EPC inspection was September 2015, where the current energy rating was C, and the potential energy rating was B.

18 FARM CLOSE Sold Prices

Land registry data shows three sales for 18 FARM 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 North Lincolnshire local authority area for the corresponding sale date. All of the three 18 FARM CLOSE 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 26 JUN	£129,950	£100,394	29% above HPI
2018 28 FEB	£97,000	£93,092	4% above HPI
2003 6 JAN	£64,000	£45,653	40% above HPI

18 FARM CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Lincolnshire local authority area over time, sourced from the HPI. The three 18 FARM CLOSE sales between January 2003 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 February 2018 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the June 2019 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 18 FARM CLOSE be worth now?

18 FARM CLOSE might now be worth an estimated £170,743.

This is based on house price inflation of 31.4%, between June 2019 and April 2026, for terraced houses, in the North Lincolnshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 31.4% inflationary increase is applied to the most recent sale price for 18 FARM CLOSE of £129,950 on 26th June 2019. For the value to have increased from £129,950 to £170,743 over the seven years and two months to April 2026, the following assumptions must hold true:

• The value of 18 FARM CLOSE has moved in line with the HPI for terraced houses in the North Lincolnshire local authority area.
• The June 2019 sale price of £129,950 represented a fair market value for the property.
• The size, condition, and specification of 18 FARM CLOSE has not materially changed since June 2019.

How Large is 18 FARM CLOSE?

18 FARM CLOSE is 56m² according to the EPC inspection conducted in September 2015. This puts it in the smallest 10% of terraced houses houses in Gunness, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Gunness, and where 18 FARM CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 18 FARM CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Gunness.

18 FARM CLOSE: Plot and Title Map

18 FARM CLOSE sits on a plot of roughly 0.059 of an acre, or 239m². The below map shows the location of 18 FARM 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 18 FARM 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 18 FARM CLOSE?

18 FARM CLOSE is located in GUNNESS, in the DN15 postcode district. The below map shows the position of No. 18 on FARM CLOSE.