62, GAINSBOROUGH DRIVE, LAWFORD, MANNINGTREE, CO11 2JU - £300,000

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.

62 GAINSBOROUGH DRIVE is a very small detached house of 78m², built sometime between 1983 and 1990, which could now be worth an estimated £348,660. It was last sold for £300,000 in October 2020, which was around 8% below the average October 2020 detached price in the Tendring local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

62 GAINSBOROUGH DRIVE Sold Prices

Land registry data shows two sales for 62 GAINSBOROUGH 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 Tendring local authority area for the corresponding sale date. Both of the two 62 GAINSBOROUGH 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 29 OCT	£300,000	£325,755	8% below HPI
2014 31 OCT	£197,000	£239,949	18% below HPI

62 GAINSBOROUGH DRIVE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tendring local authority area over time, sourced from the HPI. The two 62 GAINSBOROUGH DRIVE sales from October 2014 and October 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 October 2014 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the October 2020 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 62 GAINSBOROUGH DRIVE be worth now?

62 GAINSBOROUGH DRIVE might now be worth an estimated £348,660.

This is based on house price inflation of 16.2%, between October 2020 and February 2025, for detached houses, in the Tendring local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.2% inflationary increase is applied to the most recent sale price for 62 GAINSBOROUGH DRIVE of £300,000 on 29th October 2020. For the value to have increased from £300,000 to £348,660 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of 62 GAINSBOROUGH DRIVE has moved in line with the HPI for detached houses in the Tendring local authority area.
• The October 2020 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 62 GAINSBOROUGH DRIVE has not materially changed since October 2020.

How Large is 62 GAINSBOROUGH DRIVE?

62 GAINSBOROUGH DRIVE is 78m² according to the EPC inspection conducted in June 2014. This puts it in the smallest 20% of detached houses houses in Lawford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lawford, and where 62 GAINSBOROUGH DRIVE lies on this distribution: 16% of detached houses houses are smaller than 62 GAINSBOROUGH DRIVE, and 83% of houses are larger. Note that EPC data is not available for all properties in Lawford.

62 GAINSBOROUGH DRIVE: Plot and Title Map

62 GAINSBOROUGH DRIVE sits on a plot of roughly 0.066 of an acre, or 267m². The below map shows the location of 62 GAINSBOROUGH 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 62 GAINSBOROUGH 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 62 GAINSBOROUGH DRIVE?

62 GAINSBOROUGH DRIVE is located in LAWFORD, in the CO11 postcode district. The below map shows the position of No. 62 on GAINSBOROUGH DRIVE.