8, PINGLE CLOSE, GAINSBOROUGH, DN21 1XR - £116,000

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.

8 PINGLE CLOSE is a very small semi-detached house of 65m², built sometime between 1983 and 1990, which could now be worth an estimated £159,442. It was last sold for £116,000 in March 2018, which was around 15% below the average March 2018 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2017, where the current energy rating was C, and the potential energy rating was B.

8 PINGLE CLOSE Sold Prices

Land registry data shows two sales for 8 PINGLE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. One of the two 8 PINGLE CLOSE sales was for below the average price, whilst the other was for above 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
2018 2 MAR	£116,000	£135,819	15% below HPI
1995 11 AUG	£38,950	£38,653	1% above HPI

8 PINGLE CLOSE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 8 PINGLE CLOSE sales from August 1995 and March 2018 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 August 1995 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the March 2018 sale, where it falls to 15% below the HPI. The line then continues to track at 15% below the HPI.

What might 8 PINGLE CLOSE be worth now?

8 PINGLE CLOSE might now be worth an estimated £159,442.

This is based on house price inflation of 37.4%, between March 2018 and February 2025, for semi-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 37.4% inflationary increase is applied to the most recent sale price for 8 PINGLE CLOSE of £116,000 on 2nd March 2018. For the value to have increased from £116,000 to £159,442 over the seven years and one month to February 2025, the following assumptions must hold true:

• The value of 8 PINGLE CLOSE has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The March 2018 sale price of £116,000 represented a fair market value for the property.
• The size, condition, and specification of 8 PINGLE CLOSE has not materially changed since March 2018.

How Large is 8 PINGLE CLOSE?

8 PINGLE CLOSE is 65m² according to the EPC inspection conducted in October 2017. This puts it in the smallest 10% of semi-detached houses houses in Gainsborough, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Gainsborough, and where 8 PINGLE CLOSE lies on this distribution: 4% of semi-detached houses houses are smaller than 8 PINGLE CLOSE, and 96% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

8 PINGLE CLOSE: Plot and Title Map

8 PINGLE CLOSE sits on a plot of roughly 0.043 of an acre, or 175m². The below map shows the location of 8 PINGLE CLOSE, 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 8 PINGLE CLOSE). 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 8 PINGLE CLOSE?

8 PINGLE CLOSE is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 8 on PINGLE CLOSE.