THE RIGITS, ROSEFIELDS, GAINSBOROUGH, DN21 1GE - £315,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE RIGITS is a very large detached house of 159m², built sometime between 1996 and 2002. It was last sold for £315,000 in March 2018, which was around 47% above the average March 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

THE RIGITS Sold Prices

Land registry data shows two sales for THE RIGITS 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 THE RIGITS sales were 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 28 MAR	£315,000	£213,838	47% above HPI
2002 17 MAY	£150,000	£97,620	54% above HPI

THE RIGITS 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 THE RIGITS sales from May 2002 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 May 2002 sale was for 54% above the HPI. So the extrapolation line tracks at 54% above the HPI over time, until the March 2018 sale, where it falls to 47% above the HPI. The line then continues to track at 47% above the HPI.

How Large is THE RIGITS?

THE RIGITS is 159m² according to the EPC inspection conducted in July 2016. This puts it in the largest 10% of detached houses in Gainsborough, based on EPC data. The below chart shows the distribution of detached houses by size in Gainsborough, and where THE RIGITS lies on this distribution: 92% of detached houses are smaller than THE RIGITS, and 8% of houses are larger. Note that EPC data is not available for all properties in Gainsborough.

THE RIGITS: Plot and Title Map

THE RIGITS sits on a plot of roughly 0.223 of an acre, or 901m². The below map shows the location of THE RIGITS, 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 THE RIGITS). 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 THE RIGITS?

THE RIGITS is located on ROSEFIELDS in GAINSBOROUGH, in the DN21 postcode district. The below map shows the position of THE RIGITS on ROSEFIELDS.