40, MAYFLOWER CLOSE, GAINSBOROUGH, DN21 1AX - £132,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

40 MAYFLOWER CLOSE is a midsized extended semi-detached house of 107m², built sometime between 1950 and 1966, which could now be worth an estimated £168,041. It was last sold for £132,500 in September 2018, which was around 10% below the average September 2018 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2012, where the current energy rating was D, and the potential energy rating was C.

40 MAYFLOWER CLOSE Sold Prices

Land registry data shows three sales for 40 MAYFLOWER CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 40 MAYFLOWER 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
2018 14 SEP	£132,500	£147,199	10% below HPI
2012 2 NOV	£101,000	£109,053	7% below HPI
2001 27 FEB	£29,400	£48,402	39% below HPI

40 MAYFLOWER CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three 40 MAYFLOWER CLOSE sales between February 2001 and September 2018 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 2012 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2018 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might 40 MAYFLOWER CLOSE be worth now?

40 MAYFLOWER CLOSE might now be worth an estimated £168,041.

This is based on house price inflation of 26.8%, between September 2018 and February 2025, for semi-detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 26.8% inflationary increase is applied to the most recent sale price for 40 MAYFLOWER CLOSE of £132,500 on 14th September 2018. For the value to have increased from £132,500 to £168,041 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of 40 MAYFLOWER CLOSE has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The September 2018 sale price of £132,500 represented a fair market value for the property.
• The size, condition, and specification of 40 MAYFLOWER CLOSE has not materially changed since September 2018.

How Large is 40 MAYFLOWER CLOSE?

40 MAYFLOWER CLOSE is 107m², which includes one extension, according to the EPC inspection conducted in August 2012. This puts it in the largest 50% of semi-detached houses houses in Gainsborough, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gainsborough, and where 40 MAYFLOWER CLOSE lies on this distribution: 56% of semi-detached houses houses are smaller than 40 MAYFLOWER CLOSE, and 43% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

40 MAYFLOWER CLOSE: Plot and Title Map

40 MAYFLOWER CLOSE sits on a plot of roughly 0.066 of an acre, or 266m². The below map shows the location of 40 MAYFLOWER 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 40 MAYFLOWER 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 40 MAYFLOWER CLOSE?

40 MAYFLOWER CLOSE is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 40 on MAYFLOWER CLOSE.