23, SPITAL TERRACE, GAINSBOROUGH, DN21 2HD - £145,000

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.

23 SPITAL TERRACE is a large extended detached house of 128m², built sometime between 1900 and 1929, which could now be worth an estimated £178,314. It was last sold for £145,000 in October 2020, which was around 39% below the average October 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2020, where the current energy rating was D, and the potential energy rating was B.

23 SPITAL TERRACE Sold Prices

Land registry data shows three sales for 23 SPITAL TERRACE 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 23 SPITAL TERRACE 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
2020 30 OCT	£145,000	£236,726	39% below HPI
2010 5 NOV	£137,000	£196,094	30% below HPI
2003 10 OCT	£85,000	£149,607	43% below HPI

23 SPITAL TERRACE 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 23 SPITAL TERRACE sales between October 2003 and October 2020 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 November 2010 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the October 2020 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 23 SPITAL TERRACE be worth now?

23 SPITAL TERRACE might now be worth an estimated £178,314.

This is based on house price inflation of 23%, between October 2020 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 23% inflationary increase is applied to the most recent sale price for 23 SPITAL TERRACE of £145,000 on 30th October 2020. For the value to have increased from £145,000 to £178,314 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 23 SPITAL TERRACE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2020 sale price of £145,000 represented a fair market value for the property.
• The size, condition, and specification of 23 SPITAL TERRACE has not materially changed since October 2020.

How Large is 23 SPITAL TERRACE?

23 SPITAL TERRACE is 128m², which includes three extensions, according to the EPC inspection conducted in May 2020. This puts it in the largest 30% of detached houses houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gainsborough, and where 23 SPITAL TERRACE lies on this distribution: 79% of detached houses houses are smaller than 23 SPITAL TERRACE, and 20% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

23 SPITAL TERRACE: Plot and Title Map

23 SPITAL TERRACE sits on a plot of roughly 0.079 of an acre, or 320m². The below map shows the location of 23 SPITAL TERRACE, 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 23 SPITAL TERRACE). 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 23 SPITAL TERRACE?

23 SPITAL TERRACE is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 23 on SPITAL TERRACE.