5, CHERRY TREE RISE, SCOTTER, GAINSBOROUGH, DN21 3UF - £495,000

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

5 CHERRY TREE RISE is a very large detached house of 182m², built sometime between 1950 and 1966. It was last sold for £495,000 in October 2022, which was around 75% above the average October 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was C.

5 CHERRY TREE RISE Sold Prices

Land registry data shows two sales for 5 CHERRY TREE RISE 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 5 CHERRY TREE RISE 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
2022 26 OCT	£495,000	£283,153	75% above HPI
2001 20 APR	£170,000	£81,809	108% above HPI

5 CHERRY TREE RISE 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 5 CHERRY TREE RISE sales from April 2001 and October 2022 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 April 2001 sale was for 108% above the HPI. So the extrapolation line tracks at 108% above the HPI over time, until the October 2022 sale, where it falls to 75% above the HPI. The line then continues to track at 75% above the HPI.

How Large is 5 CHERRY TREE RISE?

5 CHERRY TREE RISE is 182m² according to the EPC inspection conducted in June 2022. This puts it in the largest 20% of detached houses in Scotter, based on EPC data. The below chart shows the distribution of detached houses by size in Scotter, and where 5 CHERRY TREE RISE lies on this distribution: 87% of detached houses are smaller than 5 CHERRY TREE RISE, and 13% of houses are larger. Note that EPC data is not available for all properties in Scotter.

5 CHERRY TREE RISE: Plot and Title Map

5 CHERRY TREE RISE sits on a plot of roughly 0.347 of an acre, or 1,404m². The below map shows the location of 5 CHERRY TREE RISE, 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 CHERRY TREE RISE). 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 CHERRY TREE RISE?

5 CHERRY TREE RISE is located in SCOTTER, in the DN21 postcode district. The below map shows the position of No. 5 on CHERRY TREE RISE.