15, GIBSONS GARDENS, NORTH SOMERCOTES, LOUTH, LN11 7QH - £124,500

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 GIBSONS GARDENS is a very small detached house of 68m², built sometime between 1976 and 1982. It was last sold for £124,500 in January 2003, which was around 5% above the average January 2003 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was A.

15 GIBSONS GARDENS Sold Prices

Land registry data shows two sales for 15 GIBSONS GARDENS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. One of the two 15 GIBSONS GARDENS sales was for above the average price, whilst the other was 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
2003 31 JAN	£124,500	£118,614	5% above HPI
1999 8 OCT	£50,500	£67,772	25% below HPI

15 GIBSONS GARDENS 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 two 15 GIBSONS GARDENS sales from October 1999 and January 2003 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 October 1999 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2003 sale, where it rises to 5% above the HPI. The line then continues to track at 5% above the HPI.

How Large is 15 GIBSONS GARDENS?

15 GIBSONS GARDENS is 68m² according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where 15 GIBSONS GARDENS lies on this distribution: 8% of detached houses are smaller than 15 GIBSONS GARDENS, and 90% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

15 GIBSONS GARDENS: Plot and Title Map

15 GIBSONS GARDENS sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 15 GIBSONS GARDENS, 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 GIBSONS GARDENS). 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 GIBSONS GARDENS?

15 GIBSONS GARDENS is located in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of No. 15 on GIBSONS GARDENS.