18, LAUREL CLOSE, GAINSBOROUGH, DN21 1FE - £110,000

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.

18 LAUREL CLOSE is a very small terraced house of 56m², built sometime between 1991 and 1995, which could now be worth an estimated £171,460. It was last sold for £110,000 in May 2006, which was around 20% above the average May 2006 terraced price in the West Lindsey local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

18 LAUREL CLOSE Sold Prices

Land registry data shows five sales for 18 LAUREL CLOSE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. Most of the five 18 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
2006 5 MAY	£110,000	£91,877	20% above HPI
2004 24 SEP	£83,000	£88,106	6% below HPI
2004 23 SEP	£59,950	£88,106	32% below HPI
2004 19 MAR	£59,950	£73,428	18% below HPI
1997 18 DEC	£33,500	£31,088	8% above HPI

18 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 five 18 LAUREL CLOSE sales between December 1997 and May 2006 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 2004 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2006 sale, where it rises to 20% above the HPI. The line then continues to track at 20% above the HPI.

What might 18 LAUREL CLOSE be worth now?

18 LAUREL CLOSE might now be worth an estimated £171,460.

This is based on house price inflation of 55.9%, between May 2006 and May 2026, 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 55.9% inflationary increase is applied to the most recent sale price for 18 LAUREL CLOSE of £110,000 on 5th May 2006. For the value to have increased from £110,000 to £171,460 over the twenty years to May 2026, the following assumptions must hold true:

• The value of 18 LAUREL CLOSE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The May 2006 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 18 LAUREL CLOSE has not materially changed since May 2006.

How Large is 18 LAUREL CLOSE?

18 LAUREL CLOSE is 56m² according to the EPC inspection conducted in February 2019. 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 18 LAUREL CLOSE lies on this distribution: 1% of terraced houses houses are smaller than 18 LAUREL CLOSE, and 99% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

18 LAUREL CLOSE: Plot and Title Map

18 LAUREL CLOSE sits on a plot of roughly 0.033 of an acre, or 135m². The below map shows the location of 18 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 18 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 18 LAUREL CLOSE?

18 LAUREL CLOSE is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 18 on LAUREL CLOSE.