7, CHAPEL LANE, MORTON, GAINSBOROUGH, DN21 3AY - £180,000

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

7 CHAPEL LANE is a large extended detached house of 125m², built sometime between 1900 and 1929. It was last sold for £180,000 in June 2021, which was around 30% below the average June 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2023, where the current energy rating was D, and the potential energy rating was B.

7 CHAPEL LANE Sold Prices

Land registry data shows three sales for 7 CHAPEL 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. All of the three 7 CHAPEL LANE 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 14 JUN	£180,000	£258,781	30% below HPI
2018 17 JAN	£157,500	£219,568	28% below HPI
1999 23 JUL	£32,000	£69,281	54% below HPI

7 CHAPEL 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 7 CHAPEL LANE sales between July 1999 and June 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 January 2018 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the June 2021 sale, where it falls to 30% below the HPI. The line then continues to track at 30% below the HPI.

How Large is 7 CHAPEL LANE?

7 CHAPEL LANE is 125m², which includes one extension, according to the EPC inspection conducted in August 2023. This puts it in the largest 30% of detached houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses by size in Gainsborough, and where 7 CHAPEL LANE lies on this distribution: 76% of detached houses are smaller than 7 CHAPEL LANE, and 23% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

7 CHAPEL LANE: Plot and Title Map

7 CHAPEL LANE sits on a plot of roughly 0.063 of an acre, or 255m². The below map shows the location of 7 CHAPEL 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 7 CHAPEL 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 7 CHAPEL LANE?

7 CHAPEL LANE is located in MORTON, in the DN21 postcode district. The below map shows the position of No. 7 on CHAPEL LANE.