16, Nicholas Way
16, Nicholas Way
Description & Estimates
Public records show 16, Nicholas Way, Gainsborough to be a modern freehold house with 1,980 ft2 of internal area, sitting on a 930 m2 plot.
In this area, houses of this size normally have 4 bedrooms with a garden.
16, Nicholas Way, Gainsborough has an estimated sale value of £445,918 and an estimated rental value of £1,503 per month, assuming reasonable condition and based on the information available.
Nicholas Way, Corringham, Gainsborough, DN21 lies in the borough of West Lindsey, within the DN21 postal district.
Our Data Sources
16, Nicholas Way, Gainsborough has 21 entries in the Land Registry , most recently in July 2022 and a single entry in the EPC database dated May 2022.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 2 out of 5 and is considered of medium accuracy.
Price Range & Condition
In very good condition, we estimate 16, Nicholas Way, Gainsborough would be worth £468,214, with a potential rental value of £1,578 per month.
If substantial cosmetic improvements are needed, the estimated sale value falls to £414,704, with a rental value of £1,397 per month.
The extent to which decoration affects a property's value depends on its type, size and location.
Recent Market Change
The estimated sale value of 16, Nicholas Way, Gainsborough has declined by £7,320 (1.6%) over the last year. During the same period, its estimated monthly rental value has climbed by £53 (3.5%). The property's estimated gross yield is currently 4.0%.
Plot Size
16, Nicholas Way, Gainsborough occupies a 930 m2 plot as recorded by HM Land Registry.
All 15 other houses in this postcode have recorded plot sizes, and this one ranks as the 5th largest.
Energy Efficiency
16, Nicholas Way, Gainsborough has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 06 May 2022.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
16, Nicholas Way, Gainsborough last changed hands on 13th July 2022, selling for £435,000. The transaction was logged as a freehold house by HM Land Registry.
In total it has sold twice since 1995.
The market for similar properties has dropped by 7.0% since July 2022.
- Sold Jul 2022£435,000
- Sold Oct 2004£299,500
Similar Properties Sold Nearby
Land Registry records and our Estate Agent network show 3 sales of comparable properties within 4.8 kilometres of 16, Nicholas Way, Gainsborough across the last 2 years.
Most recently, 18, Nicholas Way, Gainsborough, DN21 5QE, a freehold house, sold at £418,000 on the 29th April 2022.
Read more about house prices in DN21.
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
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Location Comparison
Our analysis of the public data ranks 16, Nicholas Way, Gainsborough as the 7th largest and the 4th most expensive of the 15 addresses on Nicholas Way, Corringham, Gainsborough, DN21.
Against the DN21 postcode district average, it is £259k more expensive than the typical property.
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Schools Nearby
- 100mCorringham CofE VC Primary School
- 3.8kmBlyton Cum Laughton Church of England School
- 4.8kmThe Gainsborough Charles Baines Community Primary School
- 4.5kmThe Gainsborough Academy
- 5.9kmThe Queen Elizabeth's High School, Gainsborough
- 10.0kmKirton Academy
More reading links
Public Transport Nearby
Gainsborough Central station is the nearest stop to 16, Nicholas Way, Gainsborough at 5.6 kilometres away.
- 5.6kmGainsborough Central
- 6.2kmGainsborough Lea Road
- 10.0kmKirton Lindsey
Available Internet Speeds
Ofcom's latest figures show superfast broadband available in this area.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
Environment Agency data suggests this area has a very low risk of flooding.
