9, RIVERSIDE APPROACH, GAINSBOROUGH, DN21 2NR - £115,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

9 RIVERSIDE APPROACH is a small detached house of 87m², built sometime between 2003 and 2006, which could now be worth an estimated £176,767. It was last sold for £115,000 in May 2015, which was around 39% below the average May 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2014, where the current energy rating was C, and the potential energy rating was B.

9 RIVERSIDE APPROACH Sold Prices

Land registry data shows three sales for 9 RIVERSIDE APPROACH since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 9 RIVERSIDE APPROACH 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 13 MAY	£115,000	£189,391	39% below HPI
2007 9 NOV	£130,000	£208,603	38% below HPI
2006 14 JUL	£134,995	£177,101	24% below HPI

9 RIVERSIDE APPROACH 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 three 9 RIVERSIDE APPROACH sales between July 2006 and May 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 November 2007 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the May 2015 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

What might 9 RIVERSIDE APPROACH be worth now?

9 RIVERSIDE APPROACH might now be worth an estimated £176,767.

This is based on house price inflation of 53.7%, between May 2015 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 53.7% inflationary increase is applied to the most recent sale price for 9 RIVERSIDE APPROACH of £115,000 on 13th May 2015. For the value to have increased from £115,000 to £176,767 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 9 RIVERSIDE APPROACH has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2015 sale price of £115,000 represented a fair market value for the property.
• The size, condition, and specification of 9 RIVERSIDE APPROACH has not materially changed since May 2015.

How Large is 9 RIVERSIDE APPROACH?

9 RIVERSIDE APPROACH is 87m² according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% 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 9 RIVERSIDE APPROACH lies on this distribution: 24% of detached houses houses are smaller than 9 RIVERSIDE APPROACH, and 75% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

9 RIVERSIDE APPROACH: Plot and Title Map

9 RIVERSIDE APPROACH sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 9 RIVERSIDE APPROACH, 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 9 RIVERSIDE APPROACH). 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 9 RIVERSIDE APPROACH?

9 RIVERSIDE APPROACH is located in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of No. 9 on RIVERSIDE APPROACH.