12, GIBSON WAY, ALFORD, LN13 9PD - £190,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 GIBSON WAY is a large detached house of 104m², built sometime between 2003 and 2006. It was last sold for £190,000 in January 2024, which was around 31% below the average January 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was September 2022, where the current energy rating was C, and the potential energy rating was A.

12 GIBSON WAY Sold Prices

Land registry data shows three sales for 12 GIBSON WAY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the three 12 GIBSON WAY 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
2024 16 JAN	£190,000	£273,556	31% below HPI
2022 30 SEP	£252,000	£278,115	9% below HPI
2005 25 FEB	£149,950	£164,556	9% below HPI

12 GIBSON WAY 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 three 12 GIBSON WAY sales between February 2005 and January 2024 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 2022 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2024 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 12 GIBSON WAY?

12 GIBSON WAY is 104m² according to the EPC inspection conducted in September 2022. This puts it in the largest 40% of detached houses in Alford, based on EPC data. The below chart shows the distribution of detached houses by size in Alford, and where 12 GIBSON WAY lies on this distribution: 62% of detached houses are smaller than 12 GIBSON WAY, and 38% of houses are larger. Note that EPC data is not available for all properties in Alford.

12 GIBSON WAY: Plot and Title Map

12 GIBSON WAY sits on a plot of roughly 0.061 of an acre, or 248m². The below map shows the location of 12 GIBSON WAY, 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 12 GIBSON WAY). 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 12 GIBSON WAY?

12 GIBSON WAY is located in ALFORD, in the LN13 postcode district. The below map shows the position of No. 12 on GIBSON WAY.