8, THE AVENUE, GAINSBOROUGH, DN21 1EH - £153,000

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

8 THE AVENUE is a large detached house of 115m², built sometime between 1950 and 1966. It was last sold for £153,000 in October 2006, which was around 17% below the average October 2006 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2023, where the current energy rating was C, and the potential energy rating was B.

8 THE AVENUE Sold Prices

Land registry data shows two sales for 8 THE AVENUE 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. One of the two 8 THE AVENUE 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
2006 27 OCT	£153,000	£184,148	17% below HPI
2002 5 APR	£102,000	£98,178	4% above HPI

8 THE AVENUE 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 8 THE AVENUE sales from April 2002 and October 2006 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 April 2002 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the October 2006 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 8 THE AVENUE?

8 THE AVENUE is 115m² according to the EPC inspection conducted in June 2023. This puts it in the largest 40% of detached houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses by size in Gainsborough, and where 8 THE AVENUE lies on this distribution: 65% of detached houses are smaller than 8 THE AVENUE, and 35% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

8 THE AVENUE: Plot and Title Map

8 THE AVENUE sits on a plot of roughly 0.084 of an acre, or 339m². The below map shows the location of 8 THE AVENUE, 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 THE AVENUE). 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 THE AVENUE?

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