2, MORTON TERRACE, GAINSBOROUGH, DN21 2RF - £240,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 MORTON TERRACE is a very large detached house of 252m², built sometime before 1900. It was last sold for £240,000 in December 2004, which was around 40% above the average December 2004 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was C.

2 MORTON TERRACE Sold Prices

Land registry data shows two sales for 2 MORTON TERRACE 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 TERRACE 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
2004 23 DEC	£240,000	£171,463	40% above HPI
1995 13 JUL	£122,500	£64,230	91% above HPI

2 MORTON TERRACE 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 TERRACE sales from July 1995 and December 2004 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 July 1995 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the December 2004 sale, where it falls to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is 2 MORTON TERRACE?

2 MORTON TERRACE is 252m² according to the EPC inspection conducted in September 2023. This puts it in the largest 10% of detached houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses by size in Gainsborough, and where 2 MORTON TERRACE lies on this distribution: 99% of detached houses are smaller than 2 MORTON TERRACE, and 1% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

2 MORTON TERRACE: Plot and Title Map

2 MORTON TERRACE sits on a plot of roughly 0.246 of an acre, or 997m². The below map shows the location of 2 MORTON TERRACE, 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 TERRACE). 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 TERRACE?

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