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

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.

5 CHERRY TREE RISE is a very large detached house of 182m², built sometime between 1950 and 1966, which could now be worth an estimated £501,617. It was last sold for £495,000 in October 2022, which was around 72% 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	£287,274	72% above HPI
2001 20 APR	£170,000	£83,000	105% 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 105% above the HPI. So the extrapolation line tracks at 105% above the HPI over time, until the October 2022 sale, where it falls to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might 5 CHERRY TREE RISE be worth now?

5 CHERRY TREE RISE might now be worth an estimated £501,617.

This is based on house price inflation of 1.3%, between October 2022 and February 2025, for 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 1.3% inflationary increase is applied to the most recent sale price for 5 CHERRY TREE RISE of £495,000 on 26th October 2022. For the value to have increased from £495,000 to £501,617 over the three years and eight months to February 2025, the following assumptions must hold true:

• The value of 5 CHERRY TREE RISE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2022 sale price of £495,000 represented a fair market value for the property.
• The size, condition, and specification of 5 CHERRY TREE RISE has not materially changed since October 2022.

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 houses in Scotter, based on EPC data. The below chart shows the distribution of detached houses houses by size in Scotter, and where 5 CHERRY TREE RISE lies on this distribution: 87% of detached houses 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.