15, GIBSON WAY, ALFORD, LN13 9PD - £235,000

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

15 GIBSON WAY is a very large detached house of 138m², built sometime between 1996 and 2002. It was last sold for £235,000 in July 2022, which was around 15% below the average July 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2021, where the current energy rating was C, and the potential energy rating was C.

15 GIBSON WAY Sold Prices

Land registry data shows three sales for 15 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. The three 15 GIBSON WAY sales were a mix of below the average price, roughly equal to the average price, and 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
2022 29 JUL	£235,000	£274,882	15% below HPI
2008 7 MAY	£177,500	£178,069	Close to HPI
2002 29 NOV	£125,000	£117,182	7% above HPI

15 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 15 GIBSON WAY sales between November 2002 and July 2022 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 May 2008 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the July 2022 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

How Large is 15 GIBSON WAY?

15 GIBSON WAY is 138m² according to the EPC inspection conducted in December 2021. This puts it in the largest 20% of detached houses in Alford, based on EPC data. The below chart shows the distribution of detached houses by size in Alford, and where 15 GIBSON WAY lies on this distribution: 80% of detached houses are smaller than 15 GIBSON WAY, and 19% of houses are larger. Note that EPC data is not available for all properties in Alford.

15 GIBSON WAY: Plot and Title Map

15 GIBSON WAY sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 15 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 15 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 15 GIBSON WAY?

15 GIBSON WAY is located in ALFORD, in the LN13 postcode district. The below map shows the position of No. 15 on GIBSON WAY.