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

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

16 GIBSONS GARDENS is a very small detached house of 73m², built sometime between 1983 and 1990. It was last sold for £137,000 in May 2018, which was around 34% 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	£209,025	34% below HPI
1996 14 FEB	£52,000	£54,199	4% 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 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2018 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

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 in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where 16 GIBSONS GARDENS lies on this distribution: 15% of detached 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.