14, GIBSON WAY, ALFORD, LN13 9PD - £170,000

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

14 GIBSON WAY is a small semi-detached house of 85m², built sometime between 2003 and 2006. It was last sold for £170,000 in March 2021, which was around 27% below the average March 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2020, where the current energy rating was C, and the potential energy rating was B.

14 GIBSON WAY Sold Prices

Land registry data shows three sales for 14 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 14 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
2021 9 MAR	£170,000	£233,062	27% below HPI
2011 28 FEB	£130,000	£159,181	18% below HPI
2004 11 MAY	£99,950	£155,981	36% below HPI

14 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 14 GIBSON WAY sales between May 2004 and March 2021 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 February 2011 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the March 2021 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 14 GIBSON WAY?

14 GIBSON WAY is 85m² according to the EPC inspection conducted in July 2020. This puts it in the smallest 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 14 GIBSON WAY lies on this distribution: 31% of detached houses are smaller than 14 GIBSON WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Alford.

14 GIBSON WAY: Plot and Title Map

14 GIBSON WAY sits on a plot of roughly 0.043 of an acre, or 176m². The below map shows the location of 14 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 14 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 14 GIBSON WAY?

14 GIBSON WAY is located in ALFORD, in the LN13 postcode district. The below map shows the position of No. 14 on GIBSON WAY.