16, GIBSONS GARDENS, NORTH SOMERCOTES, LOUTH, LN11 7QH - £137,000

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 GIBSONS GARDENS is a very small detached house of 73m², built sometime between 1983 and 1990, which could now be worth an estimated £184,923. It was last sold for £137,000 in May 2018, which was around 35% below the average May 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2024, where the current energy rating was E, and the potential energy rating was C.

16 GIBSONS GARDENS Sold Prices

Land registry data shows two sales for 16 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. Both of the two 16 GIBSONS GARDENS 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
2018 24 MAY	£137,000	£212,070	35% below HPI
1996 14 FEB	£52,000	£54,988	5% below HPI

16 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 16 GIBSONS GARDENS sales from February 1996 and May 2018 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 1996 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2018 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might 16 GIBSONS GARDENS be worth now?

16 GIBSONS GARDENS might now be worth an estimated £184,923.

This is based on house price inflation of 35%, between May 2018 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35% inflationary increase is applied to the most recent sale price for 16 GIBSONS GARDENS of £137,000 on 24th May 2018. For the value to have increased from £137,000 to £184,923 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 16 GIBSONS GARDENS has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2018 sale price of £137,000 represented a fair market value for the property.
• The size, condition, and specification of 16 GIBSONS GARDENS has not materially changed since May 2018.

How Large is 16 GIBSONS GARDENS?

16 GIBSONS GARDENS is 73m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 20% of detached houses houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Somercotes, and where 16 GIBSONS GARDENS lies on this distribution: 15% of detached houses houses are smaller than 16 GIBSONS GARDENS, and 83% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

16 GIBSONS GARDENS: Plot and Title Map

16 GIBSONS GARDENS sits on a plot of roughly 0.090 of an acre, or 366m². The below map shows the location of 16 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 16 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 16 GIBSONS GARDENS?

16 GIBSONS GARDENS is located in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of No. 16 on GIBSONS GARDENS.