3, BETTYS LANE, GAINSBOROUGH, DN21 1EA - £350,000

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.

3 BETTYS LANE is a very large detached house of 148m², built sometime between 2003 and 2006, which could now be worth an estimated £368,206. It was last sold for £350,000 in May 2022, which was around 26% above the average May 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2021, where the current energy rating was C, and the potential energy rating was B.

3 BETTYS LANE Sold Prices

Land registry data shows two sales for 3 BETTYS 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 West Lindsey local authority area for the corresponding sale date. One of the two 3 BETTYS LANE sales was for above the average price, whilst the other was 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
2022 27 MAY	£350,000	£276,720	26% above HPI
2004 19 DEC	£55,000	£173,959	68% below HPI

3 BETTYS 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 two 3 BETTYS LANE sales from December 2004 and May 2022 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 December 2004 sale was for 68% below the HPI. So the extrapolation line tracks at 68% below the HPI over time, until the May 2022 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 3 BETTYS LANE be worth now?

3 BETTYS LANE might now be worth an estimated £368,206.

This is based on house price inflation of 5.2%, between May 2022 and February 2025, 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 5.2% inflationary increase is applied to the most recent sale price for 3 BETTYS LANE of £350,000 on 27th May 2022. For the value to have increased from £350,000 to £368,206 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of 3 BETTYS LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 3 BETTYS LANE has not materially changed since May 2022.

How Large is 3 BETTYS LANE?

3 BETTYS LANE is 148m² according to the EPC inspection conducted in November 2021. This puts it in the largest 20% of detached houses houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gainsborough, and where 3 BETTYS LANE lies on this distribution: 89% of detached houses houses are smaller than 3 BETTYS LANE, and 11% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

3 BETTYS LANE: Plot and Title Map

3 BETTYS LANE sits on a plot of roughly 0.123 of an acre, or 498m². The below map shows the location of 3 BETTYS 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 3 BETTYS 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 3 BETTYS LANE?

3 BETTYS LANE is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 3 on BETTYS LANE.