2, OLD SHOWFIELDS, GAINSBOROUGH, DN21 2QE - £171,000

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

2 OLD SHOWFIELDS is a very small detached house of 84m², built sometime between 1991 and 1995. It was last sold for £171,000 in August 2017, which was around 22% below the average August 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

2 OLD SHOWFIELDS Sold Prices

Land registry data shows two sales for 2 OLD SHOWFIELDS 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 OLD SHOWFIELDS 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
2017 1 AUG	£171,000	£219,434	22% below HPI
1995 30 MAR	£58,950	£62,324	5% below HPI

2 OLD SHOWFIELDS 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 OLD SHOWFIELDS sales from March 1995 and August 2017 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 March 1995 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the August 2017 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 2 OLD SHOWFIELDS?

2 OLD SHOWFIELDS is 84m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 20% 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 OLD SHOWFIELDS lies on this distribution: 18% of detached houses are smaller than 2 OLD SHOWFIELDS, and 80% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

2 OLD SHOWFIELDS: Plot and Title Map

2 OLD SHOWFIELDS sits on a plot of roughly 0.092 of an acre, or 373m². The below map shows the location of 2 OLD SHOWFIELDS, 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 OLD SHOWFIELDS). 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 OLD SHOWFIELDS?

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