1, THOMAS GIBSON DRIVE, HORNCASTLE, LN9 6RX - £225,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 THOMAS GIBSON DRIVE is a midsized extended detached house of 107m², built sometime between 1996 and 2002. It was last sold for £225,000 in July 2019, which was around 4% above the average July 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2019, where the current energy rating was C, and the potential energy rating was B.

1 THOMAS GIBSON DRIVE Sold Prices

Land registry data shows five sales for 1 THOMAS GIBSON DRIVE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Most of the five 1 THOMAS GIBSON DRIVE 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 22 JUL	£225,000	£216,879	4% above HPI
2014 4 APR	£120,800	£171,205	29% below HPI
2001 12 DEC	£86,000	£92,325	7% below HPI
2001 5 OCT	£79,500	£88,982	11% below HPI
1999 9 MAR	£58,750	£65,202	10% below HPI

1 THOMAS GIBSON DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The five 1 THOMAS GIBSON DRIVE sales between March 1999 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 April 2014 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the July 2019 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is 1 THOMAS GIBSON DRIVE?

1 THOMAS GIBSON DRIVE is 107m², which includes one extension, according to the EPC inspection conducted in January 2019. This puts it in the largest 50% of detached houses in Horncastle, based on EPC data. The below chart shows the distribution of detached houses by size in Horncastle, and where 1 THOMAS GIBSON DRIVE lies on this distribution: 55% of detached houses are smaller than 1 THOMAS GIBSON DRIVE, and 45% of houses are larger. Note that EPC data is not available for all properties in Horncastle.

1 THOMAS GIBSON DRIVE: Plot and Title Map

1 THOMAS GIBSON DRIVE sits on a plot of roughly 0.094 of an acre, or 382m². The below map shows the location of 1 THOMAS GIBSON DRIVE, 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 THOMAS GIBSON DRIVE). 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 THOMAS GIBSON DRIVE?

1 THOMAS GIBSON DRIVE is located in HORNCASTLE, in the LN9 postcode district. The below map shows the position of No. 1 on THOMAS GIBSON DRIVE.