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

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

THREE WAYS is a midsized detached house of 142m², built sometime between 1967 and 1975. It was last sold for £240,000 in May 2018, which was around 9% 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. The four THREE WAYS sales were a mix of above the average price, and roughly equal to 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	£220,537	9% above HPI
2016 10 AUG	£215,000	£202,460	6% above HPI
2010 2 SEP	£195,000	£194,341	Close to HPI
2007 26 APR	£190,000	£182,344	4% 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 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the May 2018 sale, where it rises to 9% above the HPI. The line then continues to track at 9% above the HPI.

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 in Scotton, based on EPC data. The below chart shows the distribution of detached houses by size in Scotton, and where THREE WAYS lies on this distribution: 44% of detached 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.