38, WESTGATE, SCOTTON, GAINSBOROUGH, DN21 3QY - £450,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

38 WESTGATE is a very large extended detached house of 230m², built sometime between 1967 and 1975. It was last sold for £450,000 in February 2023, which was around 60% above the average February 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2022, where the current energy rating was C, and the potential energy rating was C.

38 WESTGATE Sold Prices

Land registry data shows three sales for 38 WESTGATE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 38 WESTGATE 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
2023 17 FEB	£450,000	£281,990	60% above HPI
2014 25 JUN	£342,500	£184,269	86% above HPI
2005 14 JUL	£204,000	£180,986	13% above HPI

38 WESTGATE 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 three 38 WESTGATE sales between July 2005 and February 2023 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 June 2014 sale was for 86% above the HPI. So the extrapolation line tracks at 86% above the HPI over time, until the February 2023 sale, where it falls to 60% above the HPI. The line then continues to track at 60% above the HPI.

How Large is 38 WESTGATE?

38 WESTGATE is 230m², which includes three extensions, according to the EPC inspection conducted in November 2022. This puts it in the largest 20% of detached houses in Scotton, based on EPC data. The below chart shows the distribution of detached houses by size in Scotton, and where 38 WESTGATE lies on this distribution: 89% of detached houses are smaller than 38 WESTGATE, and 11% of houses are larger. Note that EPC data is not available for all properties in Scotton.

38 WESTGATE: Plot and Title Map

38 WESTGATE sits on a plot of roughly 0.215 of an acre, or 870m². The below map shows the location of 38 WESTGATE, 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 38 WESTGATE). 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 38 WESTGATE?

38 WESTGATE is located in SCOTTON, in the DN21 postcode district. The below map shows the position of No. 38 on WESTGATE.