2, MORTON CLOSE, MORTON, GAINSBOROUGH, DN21 3AJ - £169,350

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.

2 MORTON CLOSE is a small detached house of 92m², built sometime between 1950 and 1966, which could now be worth an estimated £191,812. It was last sold for £169,350 in October 2021, which was around 34% below the average October 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2022, where the current energy rating was G, and the potential energy rating was F.

2 MORTON CLOSE Sold Prices

Land registry data shows two sales for 2 MORTON CLOSE 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 2 MORTON CLOSE 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
2021 15 OCT	£169,350	£257,023	34% below HPI
1995 1 DEC	£55,000	£60,058	8% below HPI

2 MORTON CLOSE 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 2 MORTON CLOSE sales from December 1995 and October 2021 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 December 1995 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the October 2021 sale, where it falls to 34% below the HPI. The line then continues to track at 34% below the HPI.

What might 2 MORTON CLOSE be worth now?

2 MORTON CLOSE might now be worth an estimated £191,812.

This is based on house price inflation of 13.3%, between October 2021 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 13.3% inflationary increase is applied to the most recent sale price for 2 MORTON CLOSE of £169,350 on 15th October 2021. For the value to have increased from £169,350 to £191,812 over the four years and eight months to February 2025, the following assumptions must hold true:

• The value of 2 MORTON CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2021 sale price of £169,350 represented a fair market value for the property.
• The size, condition, and specification of 2 MORTON CLOSE has not materially changed since October 2021.

How Large is 2 MORTON CLOSE?

2 MORTON CLOSE is 92m² according to the EPC inspection conducted in January 2022. 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 2 MORTON CLOSE lies on this distribution: 32% of detached houses houses are smaller than 2 MORTON CLOSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

2 MORTON CLOSE: Plot and Title Map

2 MORTON CLOSE sits on a plot of roughly 0.051 of an acre, or 207m². The below map shows the location of 2 MORTON CLOSE, 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 2 MORTON CLOSE). 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 2 MORTON CLOSE?

2 MORTON CLOSE is located in MORTON, in the DN21 postcode district. The below map shows the position of No. 2 on MORTON CLOSE.