2, THE ELMS, SCOTTER, GAINSBOROUGH, DN21 3TP - £25,750

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.

2 THE ELMS is a very large flat of 30m², built sometime between 1996 and 2002, which could now be worth an estimated £55,099. It was last sold for £25,750 in August 2002, which was around 38% below the average August 2002 flat price in the West Lindsey local authority area. The most recent EPC inspection was September 2021, where the current energy rating was D, and the potential energy rating was A.

2 THE ELMS Sold Prices

Land registry data shows one sale for 2 THE ELMS since 1^st January 1995. The below table shows the price paid for the one sale, along with the average flat price in the West Lindsey local authority area for the corresponding sale date. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2002 16 AUG	£25,750	£41,378	38% below HPI

What might 2 THE ELMS be worth now?

2 THE ELMS might now be worth an estimated £55,099.

This is based on house price inflation of 114%, between August 2002 and May 2026, for flats, 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 114% inflationary increase is applied to the most recent sale price for 2 THE ELMS of £25,750 on 16th August 2002. For the value to have increased from £25,750 to £55,099 over the 24 years and three months to May 2026, the following assumptions must hold true:

• The value of 2 THE ELMS has moved in line with the HPI for flats in the West Lindsey local authority area.
• The August 2002 sale price of £25,750 represented a fair market value for the property.
• The size, condition, and specification of 2 THE ELMS has not materially changed since August 2002.

How Large is 2 THE ELMS?

2 THE ELMS is 30m² according to the EPC inspection conducted in September 2021. This puts it in the largest 10% of flats in Scotter, based on EPC data. More than 99% of flats are smaller than 2 THE ELMS, and less than 1% of flats are larger. Note that EPC data is not available for all properties in Scotter.

2 THE ELMS: Plot

2 THE ELMS sits on a plot of roughly 0.035 of an acre, or 142m².

Where is 2 THE ELMS?

2 THE ELMS is located in SCOTTER, in the DN21 postcode district.