THREE WAYS, HIGH STREET, SCOTTON, GAINSBOROUGH, DN21 3QZ - £240,000

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.

THREE WAYS is a midsized detached house of 142m², built sometime between 1967 and 1975, which could now be worth an estimated £312,261. It was last sold for £240,000 in May 2018, which was around 7% above the average May 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2016, where the current energy rating was C, and the potential energy rating was B.

THREE WAYS Sold Prices

Land registry data shows four sales for THREE WAYS 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. Most of the four THREE WAYS 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 21 MAY	£240,000	£223,747	7% above HPI
2016 10 AUG	£215,000	£205,407	5% above HPI
2010 2 SEP	£195,000	£197,169	1% below HPI
2007 26 APR	£190,000	£184,998	3% above HPI

THREE WAYS 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 THREE WAYS sales between April 2007 and May 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 August 2016 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2018 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might THREE WAYS be worth now?

THREE WAYS might now be worth an estimated £312,261.

This is based on house price inflation of 30.1%, between May 2018 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 30.1% inflationary increase is applied to the most recent sale price for THREE WAYS of £240,000 on 21st May 2018. For the value to have increased from £240,000 to £312,261 over the seven years and three months to February 2025, the following assumptions must hold true:

• The value of THREE WAYS has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2018 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of THREE WAYS has not materially changed since May 2018.

How Large is THREE WAYS?

THREE WAYS is 142m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 50% of detached houses houses in Scotton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Scotton, and where THREE WAYS lies on this distribution: 44% of detached houses houses are smaller than THREE WAYS, and 56% of houses are larger. Note that EPC data is not available for all properties in Scotton.

THREE WAYS: Plot and Title Map

THREE WAYS sits on a plot of roughly 0.142 of an acre, or 573m². The below map shows the location of THREE WAYS, 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 THREE WAYS). 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 THREE WAYS?

THREE WAYS is located on HIGH STREET in SCOTTON, in the DN21 postcode district. The below map shows the position of THREE WAYS on HIGH STREET.