3, FARM CLOSE, GUNNESS, SCUNTHORPE, DN15 8SR - £190,000

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

3 FARM CLOSE is a small detached house of 89m², built sometime between 1991 and 1995. It was last sold for £190,000 in January 2022, which was around 16% below the average January 2022 detached price in the North Lincolnshire local authority area. The most recent EPC inspection was January 2022, where the current energy rating was D, and the potential energy rating was B.

3 FARM CLOSE Sold Prices

Land registry data shows two sales for 3 FARM CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Lincolnshire local authority area for the corresponding sale date. Both of the two 3 FARM CLOSE 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
2022 24 JAN	£190,000	£227,431	16% below HPI
1999 9 NOV	£65,000	£65,650	1% below HPI

3 FARM CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Lincolnshire local authority area over time, sourced from the HPI. The two 3 FARM CLOSE sales from November 1999 and January 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 November 1999 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the January 2022 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 3 FARM CLOSE be worth now?

3 FARM CLOSE might now be worth an estimated £205,890.

This is based on house price inflation of 8.4%, between January 2022 and December 2024, for detached houses, in the North Lincolnshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.4% inflationary increase is applied to the most recent sale price for 3 FARM CLOSE of £190,000 on 24th January 2022. For the value to have increased from £190,000 to £205,890 over the one year and one month to December 2024, the following assumptions must hold true:

• The value of 3 FARM CLOSE has moved in line with the HPI for detached houses in the North Lincolnshire local authority area.
• The January 2022 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of 3 FARM CLOSE has not materially changed since January 2022.

How Large is 3 FARM CLOSE?

3 FARM CLOSE is 89m² according to the EPC inspection conducted in January 2022. This puts it in the smallest 30% of detached houses houses in Gunness, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gunness, and where 3 FARM CLOSE lies on this distribution: 29% of detached houses houses are smaller than 3 FARM CLOSE, and 69% of houses are larger. Note that EPC data is not available for all properties in Gunness.

3 FARM CLOSE: Plot and Title Map

3 FARM CLOSE sits on a plot of roughly 0.103 of an acre, or 416m². The below map shows the location of 3 FARM CLOSE, 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 FARM CLOSE). 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 FARM CLOSE?

3 FARM CLOSE is located in GUNNESS, in the DN15 postcode district. The below map shows the position of No. 3 on FARM CLOSE.