242, GIBSON LANE, KIPPAX, LEEDS, LS25 7JL - £240,000

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.

242 GIBSON LANE is a very small detached house of 70m², built sometime between 1967 and 1975, which could now be worth an estimated £333,370. It was last sold for £240,000 in May 2018, which was around 26% below the average May 2018 detached price in the Leeds local authority area. The most recent EPC inspection was November 2009, where the current energy rating was E, and the potential energy rating was C.

242 GIBSON LANE Sold Prices

Land registry data shows two sales for 242 GIBSON LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leeds local authority area for the corresponding sale date. Both of the two 242 GIBSON 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
2018 10 MAY	£240,000	£323,413	26% below HPI
2010 5 NOV	£160,000	£254,761	37% below HPI

242 GIBSON LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leeds local authority area over time, sourced from the HPI. The two 242 GIBSON LANE sales from November 2010 and May 2018 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 2010 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the May 2018 sale, where it rises to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 242 GIBSON LANE be worth now?

242 GIBSON LANE might now be worth an estimated £333,370.

This is based on house price inflation of 38.9%, between May 2018 and February 2025, for detached houses, in the Leeds local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.9% inflationary increase is applied to the most recent sale price for 242 GIBSON LANE of £240,000 on 10th May 2018. For the value to have increased from £240,000 to £333,370 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of 242 GIBSON LANE has moved in line with the HPI for detached houses in the Leeds local authority area.
• The May 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of 242 GIBSON LANE has not materially changed since May 2018.

How Large is 242 GIBSON LANE?

242 GIBSON LANE is 70m² according to the EPC inspection conducted in November 2009. This puts it in the smallest 20% of detached houses houses in Kippax, based on EPC data. The below chart shows the distribution of detached houses houses by size in Kippax, and where 242 GIBSON LANE lies on this distribution: 12% of detached houses houses are smaller than 242 GIBSON LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Kippax.

242 GIBSON LANE: Plot and Title Map

242 GIBSON LANE sits on a plot of roughly 0.108 of an acre, or 437m². The below map shows the location of 242 GIBSON 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 242 GIBSON 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 242 GIBSON LANE?

242 GIBSON LANE is located in KIPPAX, in the LS25 postcode district. The below map shows the position of No. 242 on GIBSON LANE.