20, FARM CLOSE, GUNNESS, SCUNTHORPE, DN15 8SR - £75,000

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.

20 FARM CLOSE is a very small terraced house of 47m², built sometime between 1991 and 1995, which could now be worth an estimated £98,023. It was last sold for £75,000 in September 2018, which was around 26% below the average September 2018 terraced price in the North Lincolnshire local authority area. The most recent EPC inspection was June 2013, where the current energy rating was C, and the potential energy rating was B.

20 FARM CLOSE Sold Prices

Land registry data shows two sales for 20 FARM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the North Lincolnshire local authority area for the corresponding sale date. Both of the two 20 FARM 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
2018 21 SEP	£75,000	£100,927	26% below HPI
2015 26 MAR	£50,000	£82,020	39% below HPI

20 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 two 20 FARM CLOSE sales from March 2015 and September 2018 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 March 2015 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the September 2018 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 20 FARM CLOSE be worth now?

20 FARM CLOSE might now be worth an estimated £98,023.

This is based on house price inflation of 30.7%, between September 2018 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 30.7% inflationary increase is applied to the most recent sale price for 20 FARM CLOSE of £75,000 on 21st September 2018. For the value to have increased from £75,000 to £98,023 over the eight years and five months to April 2026, the following assumptions must hold true:

• The value of 20 FARM CLOSE has moved in line with the HPI for terraced houses in the North Lincolnshire local authority area.
• The September 2018 sale price of £75,000 represented a fair market value for the property.
• The size, condition, and specification of 20 FARM CLOSE has not materially changed since September 2018.

How Large is 20 FARM CLOSE?

20 FARM CLOSE is 47m² according to the EPC inspection conducted in June 2013. 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 20 FARM CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 20 FARM CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Gunness.

20 FARM CLOSE: Plot and Title Map

20 FARM CLOSE sits on a plot of roughly 0.040 of an acre, or 163m². The below map shows the location of 20 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 20 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 20 FARM CLOSE?

20 FARM CLOSE is located in GUNNESS, in the DN15 postcode district. The below map shows the position of No. 20 on FARM CLOSE.