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

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). 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 23% below the average August 2014 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 detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 3 GIBSON WAY 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 1 AUG	£134,950	£174,797	23% below HPI
2010 15 OCT	£125,000	£169,681	26% below HPI
2004 16 JUN	£110,000	£157,863	30% below HPI
2003 10 MAR	£87,500	£121,304	28% below HPI

3 GIBSON WAY Price Paid vs. HPI Average

The below graph shows the average 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 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the August 2014 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

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 detached houses in Alford, based on EPC data. The below chart shows the distribution of detached houses by size in Alford, and where 3 GIBSON WAY lies on this distribution: 28% of detached 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.