2, WAPPING LANE, MARTON, GAINSBOROUGH, DN21 5AJ - £135,000

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 WAPPING LANE is a small extended detached house of 94m², built sometime before 1900. It was last sold for £135,000 in May 2014, which was around 27% below the average May 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2013, where the current energy rating was E, and the potential energy rating was C.

2 WAPPING LANE Sold Prices

Land registry data shows three sales for 2 WAPPING LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 2 WAPPING LANE 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
2014 27 MAY	£135,000	£184,675	27% below HPI
2013 1 NOV	£140,000	£184,629	24% below HPI
2004 13 FEB	£87,500	£151,739	42% below HPI

2 WAPPING LANE 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 three 2 WAPPING LANE sales between February 2004 and May 2014 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 November 2013 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the May 2014 sale, where it falls to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is 2 WAPPING LANE?

2 WAPPING LANE is 94m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses in Marton, based on EPC data. The below chart shows the distribution of detached houses by size in Marton, and where 2 WAPPING LANE lies on this distribution: 29% of detached houses are smaller than 2 WAPPING LANE, and 70% of houses are larger. Note that EPC data is not available for all properties in Marton.

2 WAPPING LANE: Plot and Title Map

2 WAPPING LANE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of 2 WAPPING LANE, 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 WAPPING LANE). 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 WAPPING LANE?

2 WAPPING LANE is located in MARTON, in the DN21 postcode district. The below map shows the position of No. 2 on WAPPING LANE.