9, LAUREL CLOSE, GAINSBOROUGH, DN21 1FE - £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.

9 LAUREL CLOSE is a very small terraced house of 46m², built sometime between 1983 and 1990, which could now be worth an estimated £114,558. It was last sold for £75,000 in May 2015, which was around 20% below the average May 2015 terraced price in the West Lindsey local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

9 LAUREL CLOSE Sold Prices

Land registry data shows three sales for 9 LAUREL CLOSE 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 9 LAUREL 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
2015 8 MAY	£75,000	£93,759	20% below HPI
2011 15 DEC	£60,000	£88,254	32% below HPI
2002 29 NOV	£46,000	£50,851	10% below HPI

9 LAUREL 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 three 9 LAUREL CLOSE sales between November 2002 and May 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 December 2011 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2015 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 9 LAUREL CLOSE be worth now?

9 LAUREL CLOSE might now be worth an estimated £114,558.

This is based on house price inflation of 52.7%, between May 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 52.7% inflationary increase is applied to the most recent sale price for 9 LAUREL CLOSE of £75,000 on 8th May 2015. For the value to have increased from £75,000 to £114,558 over the eleven years to May 2026, the following assumptions must hold true:

• The value of 9 LAUREL CLOSE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The May 2015 sale price of £75,000 represented a fair market value for the property.
• The size, condition, and specification of 9 LAUREL CLOSE has not materially changed since May 2015.

How Large is 9 LAUREL CLOSE?

9 LAUREL CLOSE is 46m² according to the EPC inspection conducted in June 2011. 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 9 LAUREL CLOSE lies on this distribution: Less than 1% of terraced houses houses are smaller than 9 LAUREL CLOSE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

9 LAUREL CLOSE: Plot and Title Map

9 LAUREL CLOSE sits on a plot of roughly 0.034 of an acre, or 137m². The below map shows the location of 9 LAUREL 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 9 LAUREL 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 9 LAUREL CLOSE?

9 LAUREL CLOSE is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 9 on LAUREL CLOSE.