FOURWAYS, EASTGATE, SCOTTON, GAINSBOROUGH, DN21 3QP - £147,000

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

FOURWAYS is a very small detached house of 103m², built sometime between 1976 and 1982. It was last sold for £147,000 in March 2015, which was around 22% below the average March 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2012, where the current energy rating was D, and the potential energy rating was C.

FOURWAYS Sold Prices

Land registry data shows two sales for FOURWAYS 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 FOURWAYS 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 27 MAR	£147,000	£188,056	22% below HPI
2012 17 JUL	£124,950	£174,812	29% below HPI

FOURWAYS 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 FOURWAYS sales from July 2012 and March 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 2012 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the March 2015 sale, where it rises to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is FOURWAYS?

FOURWAYS is 103m² according to the EPC inspection conducted in January 2012. This puts it in the smallest 20% of detached houses in Scotton, based on EPC data. The below chart shows the distribution of detached houses by size in Scotton, and where FOURWAYS lies on this distribution: 13% of detached houses are smaller than FOURWAYS, and 84% of houses are larger. Note that EPC data is not available for all properties in Scotton.

FOURWAYS: Plot and Title Map

FOURWAYS sits on a plot of roughly 0.131 of an acre, or 529m². The below map shows the location of FOURWAYS, 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 FOURWAYS). 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 FOURWAYS?

FOURWAYS is located on EASTGATE in SCOTTON, in the DN21 postcode district. The below map shows the position of FOURWAYS on EASTGATE.