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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). 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 28% 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	£187,363	28% below HPI
2013 1 NOV	£140,000	£187,316	25% below HPI
2004 13 FEB	£87,500	£153,947	43% 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 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the May 2014 sale, where it falls to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might 2 WAPPING LANE be worth now?

2 WAPPING LANE might now be worth an estimated £205,292.

This is based on house price inflation of 52.1%, between May 2014 and December 2024, 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 52.1% inflationary increase is applied to the most recent sale price for 2 WAPPING LANE of £135,000 on 27th May 2014. For the value to have increased from £135,000 to £205,292 over the nine years and five months to December 2024, the following assumptions must hold true:

• The value of 2 WAPPING LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2014 sale price of £135,000 represented a fair market value for the property.
• The size, condition, and specification of 2 WAPPING LANE has not materially changed since May 2014.

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 houses in Marton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Marton, and where 2 WAPPING LANE lies on this distribution: 29% of detached houses 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.