3, GIBSON WAY, ALFORD, LN13 9PD - £134,950

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 GIBSON WAY is a small semi-detached house of 84m², built sometime between 2003 and 2006. It was last sold for £134,950 in August 2014, which was around 15% above the average August 2014 semi-detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2009, where the current energy rating was C, and the potential energy rating was C.

3 GIBSON WAY Sold Prices

Land registry data shows four sales for 3 GIBSON WAY since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 3 GIBSON WAY sales were for above 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 1 AUG	£134,950	£117,670	15% above HPI
2010 15 OCT	£125,000	£114,474	9% above HPI
2004 16 JUN	£110,000	£105,973	4% above HPI
2003 10 MAR	£87,500	£77,573	13% above HPI

3 GIBSON WAY Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the East Lindsey local authority area over time, sourced from the HPI. The four 3 GIBSON WAY sales between March 2003 and August 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 October 2010 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the August 2014 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 3 GIBSON WAY be worth now?

3 GIBSON WAY might now be worth an estimated £220,904.

This is based on house price inflation of 63.7%, between August 2014 and December 2024, for semi-detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.7% inflationary increase is applied to the most recent sale price for 3 GIBSON WAY of £134,950 on 1st August 2014. For the value to have increased from £134,950 to £220,904 over the nine years and eight months to December 2024, the following assumptions must hold true:

• The value of 3 GIBSON WAY has moved in line with the HPI for semi-detached houses in the East Lindsey local authority area.
• The August 2014 sale price of £134,950 represented a fair market value for the property.
• The size, condition, and specification of 3 GIBSON WAY has not materially changed since August 2014.

How Large is 3 GIBSON WAY?

3 GIBSON WAY is 84m² according to the EPC inspection conducted in October 2009. This puts it in the smallest 30% of semi-detached houses houses in Alford, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Alford, and where 3 GIBSON WAY lies on this distribution: 28% of semi-detached houses houses are smaller than 3 GIBSON WAY, and 72% of houses are larger. Note that EPC data is not available for all properties in Alford.

3 GIBSON WAY: Plot and Title Map

3 GIBSON WAY sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of 3 GIBSON WAY, 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 GIBSON WAY). 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 GIBSON WAY?

3 GIBSON WAY is located in ALFORD, in the LN13 postcode district. The below map shows the position of No. 3 on GIBSON WAY.