247, LEA ROAD, GAINSBOROUGH, DN21 1AN - £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.

247 LEA ROAD is a very small extended terraced house of 74m², built sometime between 1950 and 1966, which could now be worth an estimated £162,319. It was last sold for £110,000 in May 2008, which was around 11% above the average May 2008 terraced price in the West Lindsey local authority area. The most recent EPC inspection was August 2022, where the current energy rating was C, and the potential energy rating was B.

247 LEA ROAD Sold Prices

Land registry data shows four sales for 247 LEA ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. One of the four 247 LEA ROAD sales was for above the average price, whilst two 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
2008 29 MAY	£110,000	£99,488	11% above HPI
2004 27 AUG	£88,500	£88,805	Close to HPI
2003 30 OCT	£59,000	£69,158	15% below HPI
1998 21 AUG	£29,500	£32,998	11% below HPI

247 LEA ROAD 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 four 247 LEA ROAD sales between August 1998 and May 2008 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 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the May 2008 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might 247 LEA ROAD be worth now?

247 LEA ROAD might now be worth an estimated £162,319.

This is based on house price inflation of 47.6%, between May 2008 and July 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 47.6% inflationary increase is applied to the most recent sale price for 247 LEA ROAD of £110,000 on 29th May 2008. For the value to have increased from £110,000 to £162,319 over the sixteen years and ten months to July 2025, the following assumptions must hold true:

• The value of 247 LEA ROAD has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The May 2008 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 247 LEA ROAD has not materially changed since May 2008.

How Large is 247 LEA ROAD?

247 LEA ROAD is 74m², which includes two extensions, according to the EPC inspection conducted in August 2022. 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 247 LEA ROAD lies on this distribution: 9% of terraced houses houses are smaller than 247 LEA ROAD, and 91% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

247 LEA ROAD: Plot and Title Map

247 LEA ROAD sits on a plot of roughly 0.025 of an acre, or 102m². The below map shows the location of 247 LEA ROAD, 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 247 LEA ROAD). 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 247 LEA ROAD?

247 LEA ROAD is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 247 on LEA ROAD.