1, REDMAN CLOSE, GAINSBOROUGH, DN21 1PF - £290,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 REDMAN CLOSE is a very large extended detached house of 206m², built sometime between 1950 and 1966, which could now be worth an estimated £450,586. It was last sold for £290,000 in May 2014, which was around 55% above the average May 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2010, where the current energy rating was D, and the potential energy rating was C.

1 REDMAN CLOSE Sold Prices

Land registry data shows three sales for 1 REDMAN CLOSE 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 REDMAN 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
2014 16 MAY	£290,000	£187,363	55% above HPI
2003 30 SEP	£232,000	£146,526	58% above HPI
1997 29 AUG	£83,500	£67,943	23% above HPI

1 REDMAN CLOSE 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 REDMAN CLOSE sales between August 1997 and May 2014 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 September 2003 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the May 2014 sale, where it falls to 55% above the HPI. The line then continues to track at 55% above the HPI.

What might 1 REDMAN CLOSE be worth now?

1 REDMAN CLOSE might now be worth an estimated £450,586.

This is based on house price inflation of 55.4%, between May 2014 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 55.4% inflationary increase is applied to the most recent sale price for 1 REDMAN CLOSE of £290,000 on 16th May 2014. For the value to have increased from £290,000 to £450,586 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 1 REDMAN CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2014 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of 1 REDMAN CLOSE has not materially changed since May 2014.

How Large is 1 REDMAN CLOSE?

1 REDMAN CLOSE is 206m², which includes two extensions, according to the EPC inspection conducted in March 2010. This puts it in the largest 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 REDMAN CLOSE lies on this distribution: 98% of detached houses houses are smaller than 1 REDMAN CLOSE, and 2% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

1 REDMAN CLOSE: Plot and Title Map

1 REDMAN CLOSE sits on a plot of roughly 0.270 of an acre, or 1,091m². The below map shows the location of 1 REDMAN 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 1 REDMAN 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 1 REDMAN CLOSE?

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