3, GIBSONS GARDENS, NORTH SOMERCOTES, LOUTH, LN11 7QH - £125,000

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 GIBSONS GARDENS is a very small detached house of 75m², built sometime between 1976 and 1982. It was last sold for £125,000 in July 2015, which was around 31% below the average July 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2015, where the current energy rating was E, and the potential energy rating was B.

3 GIBSONS GARDENS Sold Prices

Land registry data shows two sales for 3 GIBSONS GARDENS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 3 GIBSONS GARDENS 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
2015 24 JUL	£125,000	£181,933	31% below HPI
2004 7 JUL	£129,000	£160,925	20% below HPI

3 GIBSONS GARDENS 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 two 3 GIBSONS GARDENS sales from July 2004 and July 2015 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 July 2004 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the July 2015 sale, where it falls to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is 3 GIBSONS GARDENS?

3 GIBSONS GARDENS is 75m² according to the EPC inspection conducted in April 2015. This puts it in the smallest 20% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where 3 GIBSONS GARDENS lies on this distribution: 19% of detached houses are smaller than 3 GIBSONS GARDENS, and 80% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

3 GIBSONS GARDENS: Plot and Title Map

3 GIBSONS GARDENS sits on a plot of roughly 0.082 of an acre, or 331m². The below map shows the location of 3 GIBSONS GARDENS, 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 GIBSONS GARDENS). 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 GIBSONS GARDENS?

3 GIBSONS GARDENS is located in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of No. 3 on GIBSONS GARDENS.