7, OLD SHOWFIELDS, GAINSBOROUGH, DN21 2QE - £160,000

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 OLD SHOWFIELDS is a small detached house of 86m², built sometime between 1991 and 1995. It was last sold for £160,000 in January 2015, which was around 14% below the average January 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was D, and the potential energy rating was B.

7 OLD SHOWFIELDS Sold Prices

Land registry data shows two sales for 7 OLD SHOWFIELDS 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 7 OLD SHOWFIELDS 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
2015 22 JAN	£160,000	£186,093	14% below HPI
2005 26 JUL	£135,000	£180,986	25% below HPI

7 OLD SHOWFIELDS 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 7 OLD SHOWFIELDS sales from July 2005 and January 2015 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 July 2005 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the January 2015 sale, where it rises to 14% below the HPI. The line then continues to track at 14% below the HPI.

How Large is 7 OLD SHOWFIELDS?

7 OLD SHOWFIELDS is 86m² according to the EPC inspection conducted in September 2014. This puts it in the smallest 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 OLD SHOWFIELDS lies on this distribution: 21% of detached houses are smaller than 7 OLD SHOWFIELDS, and 76% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

7 OLD SHOWFIELDS: Plot and Title Map

7 OLD SHOWFIELDS sits on a plot of roughly 0.149 of an acre, or 604m². The below map shows the location of 7 OLD SHOWFIELDS, 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 OLD SHOWFIELDS). 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 OLD SHOWFIELDS?

7 OLD SHOWFIELDS is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 7 on OLD SHOWFIELDS.