5, BETTYS LANE, GAINSBOROUGH, DN21 1EA - £275,000

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

5 BETTYS LANE is a very large extended detached house of 172m², built sometime between 2003 and 2006. It was last sold for £275,000 in June 2018, which was around 24% above the average June 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2023, where the current energy rating was B, and the potential energy rating was B.

5 BETTYS LANE Sold Prices

Land registry data shows three sales for 5 BETTYS LANE 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. Two of the three 5 BETTYS LANE sales were for above the average price, whilst one was 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 15 JUN	£275,000	£221,675	24% above HPI
2005 5 OCT	£262,500	£174,329	51% above HPI
2004 2 JUL	£55,000	£171,695	68% below HPI

5 BETTYS LANE 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 5 BETTYS LANE sales between July 2004 and June 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 October 2005 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the June 2018 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 5 BETTYS LANE?

5 BETTYS LANE is 172m², which includes two extensions, according to the EPC inspection conducted in July 2023. This puts it in the largest 10% of detached houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses by size in Gainsborough, and where 5 BETTYS LANE lies on this distribution: 94% of detached houses are smaller than 5 BETTYS LANE, and 6% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

5 BETTYS LANE: Plot and Title Map

5 BETTYS LANE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of 5 BETTYS LANE, 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 5 BETTYS LANE). 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 5 BETTYS LANE?

5 BETTYS LANE is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 5 on BETTYS LANE.