7, GIBSON WAY, ALFORD, LN13 9PD - £142,000

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 GIBSON WAY is a small detached house of 85m², built sometime between 1996 and 2002. It was last sold for £142,000 in August 2016, which was around 25% below the average August 2016 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2016, where the current energy rating was D, and the potential energy rating was B.

7 GIBSON WAY Sold Prices

Land registry data shows two sales for 7 GIBSON WAY since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two 7 GIBSON WAY 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
2016 5 AUG	£142,000	£189,466	25% below HPI
2003 5 DEC	£120,000	£144,620	17% below HPI

7 GIBSON WAY Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two 7 GIBSON WAY sales from December 2003 and August 2016 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 December 2003 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the August 2016 sale, where it falls to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is 7 GIBSON WAY?

7 GIBSON WAY is 85m² according to the EPC inspection conducted in March 2016. This puts it in the smallest 40% of detached houses in Alford, based on EPC data. The below chart shows the distribution of detached houses by size in Alford, and where 7 GIBSON WAY lies on this distribution: 31% of detached houses are smaller than 7 GIBSON WAY, and 68% of houses are larger. Note that EPC data is not available for all properties in Alford.

7 GIBSON WAY: Plot and Title Map

7 GIBSON WAY sits on a plot of roughly 0.060 of an acre, or 243m². The below map shows the location of 7 GIBSON WAY, 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 GIBSON WAY). 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 GIBSON WAY?

7 GIBSON WAY is located in ALFORD, in the LN13 postcode district. The below map shows the position of No. 7 on GIBSON WAY.