40, MELDRUM DRIVE, GAINSBOROUGH, DN21 1GS - £195,000

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

40 MELDRUM DRIVE is a small detached house of 92m². It was last sold for £195,000 in November 2020, which was around 17% below the average November 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2014, where the current energy rating was B, and the potential energy rating was B.

40 MELDRUM DRIVE Sold Prices

Land registry data shows two sales for 40 MELDRUM DRIVE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 40 MELDRUM DRIVE 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
2020 30 NOV	£195,000	£235,136	17% below HPI
2014 29 AUG	£161,000	£182,973	12% below HPI

40 MELDRUM DRIVE 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 two 40 MELDRUM DRIVE sales from August 2014 and November 2020 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 August 2014 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the November 2020 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 40 MELDRUM DRIVE?

40 MELDRUM DRIVE is 92m² according to the EPC inspection conducted in August 2014. This puts it in the smallest 40% of detached houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses by size in Gainsborough, and where 40 MELDRUM DRIVE lies on this distribution: 32% of detached houses are smaller than 40 MELDRUM DRIVE, and 66% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

40 MELDRUM DRIVE: Plot and Title Map

40 MELDRUM DRIVE sits on a plot of roughly 0.060 of an acre, or 242m². The below map shows the location of 40 MELDRUM DRIVE, 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 MELDRUM DRIVE). 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 MELDRUM DRIVE?

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