16, GIBSON ROAD, LINCOLN, LN2 4NZ - £295,000

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 GIBSON ROAD is a midsized detached house of 101m², built in 2020, which could now be worth an estimated £311,826. It was last sold for £295,000 in April 2022, which was around 7% above the average April 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2021, where the current energy rating was B, and the potential energy rating was A.

16 GIBSON ROAD Sold Prices

Land registry data shows two sales for 16 GIBSON ROAD 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 GIBSON ROAD sales were for 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 12 APR	£295,000	£275,406	7% above HPI
2021 22 APR	£282,950	£255,786	11% above HPI

16 GIBSON ROAD 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 GIBSON ROAD sales from April 2021 and April 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 April 2021 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the April 2022 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might 16 GIBSON ROAD be worth now?

16 GIBSON ROAD might now be worth an estimated £311,826.

This is based on house price inflation of 5.7%, between April 2022 and February 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 5.7% inflationary increase is applied to the most recent sale price for 16 GIBSON ROAD of £295,000 on 12th April 2022. For the value to have increased from £295,000 to £311,826 over the three years and two months to February 2025, the following assumptions must hold true:

• The value of 16 GIBSON ROAD has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The April 2022 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GIBSON ROAD has not materially changed since April 2022.

How Large is 16 GIBSON ROAD?

16 GIBSON ROAD is 101m² according to the EPC inspection conducted in April 2021. This puts it in the largest 50% of detached houses houses in Lincoln, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lincoln, and where 16 GIBSON ROAD lies on this distribution: 51% of detached houses houses are smaller than 16 GIBSON ROAD, and 48% of houses are larger. Note that EPC data is not available for all properties in Lincoln.

16 GIBSON ROAD: Plot and Title Map

16 GIBSON ROAD sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 16 GIBSON ROAD, 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 GIBSON ROAD). 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 GIBSON ROAD?

16 GIBSON ROAD is located in LINCOLN, in the LN2 postcode district. The below map shows the position of No. 16 on GIBSON ROAD.