8, SOUTHLANDS DRIVE, MORTON, GAINSBOROUGH, DN21 3EZ - £225,000

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 SOUTHLANDS DRIVE is a very small detached house of 62m², built sometime between 1976 and 1982, which could now be worth an estimated £227,152. It was last sold for £225,000 in September 2022, which was around 22% below the average September 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

8 SOUTHLANDS DRIVE Sold Prices

Land registry data shows four sales for 8 SOUTHLANDS DRIVE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 8 SOUTHLANDS DRIVE 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
2022 12 SEP	£225,000	£288,356	22% below HPI
2005 23 SEP	£155,000	£182,477	15% below HPI
2001 2 MAR	£67,000	£82,499	19% below HPI
1998 25 SEP	£56,500	£72,279	22% below HPI

8 SOUTHLANDS DRIVE 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 four 8 SOUTHLANDS DRIVE sales between September 1998 and September 2022 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 September 2005 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2022 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

What might 8 SOUTHLANDS DRIVE be worth now?

8 SOUTHLANDS DRIVE might now be worth an estimated £227,152.

This is based on house price inflation of 1%, between September 2022 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 1% inflationary increase is applied to the most recent sale price for 8 SOUTHLANDS DRIVE of £225,000 on 12th September 2022. For the value to have increased from £225,000 to £227,152 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of 8 SOUTHLANDS DRIVE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2022 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of 8 SOUTHLANDS DRIVE has not materially changed since September 2022.

How Large is 8 SOUTHLANDS DRIVE?

8 SOUTHLANDS DRIVE is 62m² according to the EPC inspection conducted in July 2021. This puts it in the smallest 10% 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 8 SOUTHLANDS DRIVE lies on this distribution: 3% of detached houses houses are smaller than 8 SOUTHLANDS DRIVE, and 97% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

8 SOUTHLANDS DRIVE: Plot and Title Map

8 SOUTHLANDS DRIVE sits on a plot of roughly 0.107 of an acre, or 433m². The below map shows the location of 8 SOUTHLANDS DRIVE, 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 SOUTHLANDS DRIVE). 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 SOUTHLANDS DRIVE?

8 SOUTHLANDS DRIVE is located in MORTON, in the DN21 postcode district. The below map shows the position of No. 8 on SOUTHLANDS DRIVE.