16, BANKSIDE, LEA ROAD, GAINSBOROUGH, DN21 1AW - £123,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 BANKSIDE is a small detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £200,990. It was last sold for £123,500 in August 2009, which was around 32% below the average August 2009 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2008, where the current energy rating was E, and the potential energy rating was D.

16 BANKSIDE Sold Prices

Land registry data shows two sales for 16 BANKSIDE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 16 BANKSIDE 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
2009 28 AUG	£123,500	£180,755	32% below HPI
2004 30 APR	£100,000	£155,617	36% below HPI

16 BANKSIDE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 16 BANKSIDE sales from April 2004 and August 2009 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 2004 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the August 2009 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might 16 BANKSIDE be worth now?

16 BANKSIDE might now be worth an estimated £200,990.

This is based on house price inflation of 62.7%, between August 2009 and March 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 62.7% inflationary increase is applied to the most recent sale price for 16 BANKSIDE of £123,500 on 28th August 2009. For the value to have increased from £123,500 to £200,990 over the sixteen years and five months to March 2025, the following assumptions must hold true:

• The value of 16 BANKSIDE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2009 sale price of £123,500 represented a fair market value for the property.
• The size, condition, and specification of 16 BANKSIDE has not materially changed since August 2009.

How Large is 16 BANKSIDE?

16 BANKSIDE is 92m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 40% of detached houses houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gainsborough, and where 16 BANKSIDE lies on this distribution: 32% of detached houses houses are smaller than 16 BANKSIDE, and 68% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

16 BANKSIDE: Plot and Title Map

16 BANKSIDE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 16 BANKSIDE, 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 16 BANKSIDE). 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 16 BANKSIDE?

16 BANKSIDE is located on LEA ROAD in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of 16 BANKSIDE on LEA ROAD.