5, THE ELMS, SCOTTER, GAINSBOROUGH, DN21 3TP - £45,000

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.

5 THE ELMS is a very small terraced house of 43m², built sometime between 1983 and 1990, which could now be worth an estimated £68,668. It was last sold for £45,000 in January 2015, which was around 52% below the average January 2015 terraced price in the West Lindsey local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was A.

5 THE ELMS Sold Prices

Land registry data shows three sales for 5 THE ELMS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. All of the three 5 THE ELMS 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
2015 21 JAN	£45,000	£93,850	52% below HPI
2013 16 APR	£51,500	£89,321	42% below HPI
2010 23 APR	£38,000	£91,022	58% below HPI

5 THE ELMS 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 three 5 THE ELMS sales between April 2010 and January 2015 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 April 2013 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the January 2015 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

What might 5 THE ELMS be worth now?

5 THE ELMS might now be worth an estimated £68,668.

This is based on house price inflation of 52.6%, between January 2015 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 52.6% inflationary increase is applied to the most recent sale price for 5 THE ELMS of £45,000 on 21st January 2015. For the value to have increased from £45,000 to £68,668 over the ten years and eight months to May 2026, the following assumptions must hold true:

• The value of 5 THE ELMS has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The January 2015 sale price of £45,000 represented a fair market value for the property.
• The size, condition, and specification of 5 THE ELMS has not materially changed since January 2015.

How Large is 5 THE ELMS?

5 THE ELMS is 43m² according to the EPC inspection conducted in May 2019. This puts it in the smallest 10% of terraced houses houses in Scotter, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Scotter, and where 5 THE ELMS lies on this distribution: Less than 1% of terraced houses houses are smaller than 5 THE ELMS, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Scotter.

5 THE ELMS: Plot and Title Map

5 THE ELMS sits on a plot of roughly 0.024 of an acre, or 96m². The below map shows the location of 5 THE ELMS, 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 5 THE ELMS). 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 5 THE ELMS?

5 THE ELMS is located in SCOTTER, in the DN21 postcode district. The below map shows the position of No. 5 on THE ELMS.