48, PINGLE CLOSE, GAINSBOROUGH, DN21 1XR - £238,500

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

48 PINGLE CLOSE is a large extended detached house of 113m², built sometime between 2003 and 2006. It was last sold for £238,500 in October 2023, which was around 17% below the average October 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 B.

48 PINGLE CLOSE Sold Prices

Land registry data shows two sales for 48 PINGLE CLOSE 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 48 PINGLE 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
2023 20 OCT	£238,500	£286,085	17% below HPI
2004 27 AUG	£162,000	£177,543	9% below HPI

48 PINGLE CLOSE 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 48 PINGLE CLOSE sales from August 2004 and October 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 August 2004 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the October 2023 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 48 PINGLE CLOSE?

48 PINGLE CLOSE is 113m², which includes one extension, according to the EPC inspection conducted in November 2022. This puts it in the largest 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 48 PINGLE CLOSE lies on this distribution: 62% of detached houses are smaller than 48 PINGLE CLOSE, and 37% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

48 PINGLE CLOSE: Plot and Title Map

48 PINGLE CLOSE sits on a plot of roughly 0.067 of an acre, or 270m². The below map shows the location of 48 PINGLE 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 48 PINGLE 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 48 PINGLE CLOSE?

48 PINGLE CLOSE is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 48 on PINGLE CLOSE.