41, PINGLE CLOSE, GAINSBOROUGH, DN21 1XR - £205,000

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.

41 PINGLE CLOSE is a large terraced house of 111m², built sometime between 1996 and 2002, which could now be worth an estimated £242,122. It was last sold for £205,000 in November 2020, which was around 77% above the average November 2020 terraced price in the West Lindsey local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

41 PINGLE CLOSE Sold Prices

Land registry data shows two sales for 41 PINGLE 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 West Lindsey local authority area for the corresponding sale date. Both of the two 41 PINGLE 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
2020 20 NOV	£205,000	£115,715	77% above HPI
2004 25 JUN	£158,000	£82,487	92% above HPI

41 PINGLE 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 two 41 PINGLE CLOSE sales from June 2004 and November 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 June 2004 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the November 2020 sale, where it falls to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might 41 PINGLE CLOSE be worth now?

41 PINGLE CLOSE might now be worth an estimated £242,122.

This is based on house price inflation of 18.1%, between November 2020 and June 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 18.1% inflationary increase is applied to the most recent sale price for 41 PINGLE CLOSE of £205,000 on 20th November 2020. For the value to have increased from £205,000 to £242,122 over the five years and five months to June 2025, the following assumptions must hold true:

• The value of 41 PINGLE CLOSE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The November 2020 sale price of £205,000 represented a fair market value for the property.
• The size, condition, and specification of 41 PINGLE CLOSE has not materially changed since November 2020.

How Large is 41 PINGLE CLOSE?

41 PINGLE CLOSE is 111m² according to the EPC inspection conducted in November 2019. This puts it in the largest 40% 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 41 PINGLE CLOSE lies on this distribution: 61% of terraced houses houses are smaller than 41 PINGLE CLOSE, and 39% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

41 PINGLE CLOSE: Plot and Title Map

41 PINGLE CLOSE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of 41 PINGLE 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 41 PINGLE 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 41 PINGLE CLOSE?

41 PINGLE CLOSE is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 41 on PINGLE CLOSE.