62, THE PINES, GAINSBOROUGH, DN21 1PW - £150,000

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 THE PINES is a small extended detached house of 88m², built sometime between 1983 and 1990, which could now be worth an estimated £167,170. It was last sold for £150,000 in July 2021, which was around 43% below the average July 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

62 THE PINES Sold Prices

Land registry data shows three sales for 62 THE PINES 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. All of the three 62 THE PINES 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
2021 26 JUL	£150,000	£261,213	43% below HPI
2019 15 OCT	£140,000	£234,730	40% below HPI
2015 25 SEP	£116,500	£201,321	42% below HPI

62 THE PINES 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 62 THE PINES sales between September 2015 and July 2021 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 2019 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the July 2021 sale, where it falls to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 62 THE PINES be worth now?

62 THE PINES might now be worth an estimated £167,170.

This is based on house price inflation of 11.4%, between July 2021 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 11.4% inflationary increase is applied to the most recent sale price for 62 THE PINES of £150,000 on 26th July 2021. For the value to have increased from £150,000 to £167,170 over the four years and five months to February 2025, the following assumptions must hold true:

• The value of 62 THE PINES has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The July 2021 sale price of £150,000 represented a fair market value for the property.
• The size, condition, and specification of 62 THE PINES has not materially changed since July 2021.

How Large is 62 THE PINES?

62 THE PINES is 88m², which includes one extension, according to the EPC inspection conducted in March 2015. This puts it in the smallest 30% of detached houses houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gainsborough, and where 62 THE PINES lies on this distribution: 25% of detached houses houses are smaller than 62 THE PINES, and 74% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

62 THE PINES: Plot and Title Map

62 THE PINES sits on a plot of roughly 0.069 of an acre, or 281m². The below map shows the location of 62 THE PINES, 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 THE PINES). 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 THE PINES?

62 THE PINES is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 62 on THE PINES.