1, GEORGE STREET, GAINSBOROUGH, DN21 2PU - £107,500

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.

1 GEORGE STREET is a very small extended detached house of 75m², built sometime between 1900 and 1929, which could now be worth an estimated £144,412. It was last sold for £107,500 in July 2019, which was around 50% below the average July 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2018, where the current energy rating was E, and the potential energy rating was B.

1 GEORGE STREET Sold Prices

Land registry data shows three sales for 1 GEORGE STREET since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 1 GEORGE STREET 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
2019 12 JUL	£107,500	£216,704	50% below HPI
2006 7 DEC	£99,750	£191,459	48% below HPI
2003 31 JAN	£41,000	£119,584	66% below HPI

1 GEORGE STREET Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 1 GEORGE STREET sales between January 2003 and July 2019 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 2006 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the July 2019 sale, where it falls to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 1 GEORGE STREET be worth now?

1 GEORGE STREET might now be worth an estimated £144,412.

This is based on house price inflation of 34.3%, between July 2019 and February 2025, for detached 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 34.3% inflationary increase is applied to the most recent sale price for 1 GEORGE STREET of £107,500 on 12th July 2019. For the value to have increased from £107,500 to £144,412 over the six years and five months to February 2025, the following assumptions must hold true:

• The value of 1 GEORGE STREET has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2019 sale price of £107,500 represented a fair market value for the property.
• The size, condition, and specification of 1 GEORGE STREET has not materially changed since July 2019.

How Large is 1 GEORGE STREET?

1 GEORGE STREET is 75m², which includes two extensions, according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of detached houses houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gainsborough, and where 1 GEORGE STREET lies on this distribution: 9% of detached houses houses are smaller than 1 GEORGE STREET, and 90% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

1 GEORGE STREET: Plot and Title Map

1 GEORGE STREET sits on a plot of roughly 0.059 of an acre, or 237m². The below map shows the location of 1 GEORGE STREET, 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 1 GEORGE STREET). 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 1 GEORGE STREET?

1 GEORGE STREET is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 1 on GEORGE STREET.