2, Park Lane
2, Park Lane
Description & Estimates
2, Park Lane, Gainsborough is recorded publicly as a modern freehold house across 4,682 ft2 of internal area, sitting on a 1,155 m2 plot.
Locally, houses of this size normally have 5 bedrooms with a garden.
Our estimate of the sale value of 2, Park Lane, Gainsborough is £563,777 and its rental estimate is £1,951 per month, given the available information and assuming reasonable condition.
Park Lane, Redbourne, Gainsborough, DN21 falls within the DN21 postal district.
Our Data Sources
2, Park Lane, Gainsborough has 61 entries in the Land Registry , most recently in August 2022 and a single entry in the EPC database dated August 2020.
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
The condition of a property plays an important role in determining its value, with the degree of impact varying by property type, size and location.
For 2, Park Lane, Gainsborough, we estimate a market value of £591,966 and a rental value of £2,049 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £524,313 and £1,815 per month respectively.
Recent Market Change
Over the last year, 2, Park Lane, Gainsborough has seen its estimated sale value drop by £11,738 (2.1%) and its estimated rental value rise by £61 per month (3.1%). This results in an estimated gross rental yield of 4.2%.
Plot Size
HM Land Registry records the plot of land for 2, Park Lane, Gainsborough as measuring 1,155 m2.
That makes it the 3rd largest plot in the postcode, where all 6 other houses have recorded plot data.
Energy Efficiency
2, Park Lane, Gainsborough has an Energy Performance Rating (EPC) of E. This is based on the most recent assessment, dated 28 Aug 2020.
The property is not connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, oil.
Sold Prices
The most recent sale of 2, Park Lane, Gainsborough completed on 19th August 2022 at £575,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 6 times.
Values of comparable properties have dropped by 2.2% over the period since August 2022.
- Sold Aug 2022£575,000
- Sold Aug 2013£350,000
- Sold Dec 2002£350,000
Similar Properties Sold Nearby
Over the past 2 years 1 property similar to 2, Park Lane, Gainsborough has sold within a radius of 4.2 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 7th June 2016, was Fourwinds, North Cliff Road, Gainsborough, DN21 4NH, a freehold house which sold for £445,000.
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
Of the 6 addresses on Park Lane, Redbourne, Gainsborough, DN21, 2, Park Lane, Gainsborough comes out as the 2nd largest and the 2nd most expensive in our analysis of the public data.
It is also £377k more expensive than the average property across the DN21 district.
More reading links
Schools Nearby
- 2.4kmHibaldstow Academy
- 4.1kmWaddingham Primary School
- 4.5kmKirton Lindsey Primary Academy
- 3.7kmKirton Academy
- 7.8kmSir John Nelthorpe School
- 8.2kmThe Vale Academy
More reading links
Public Transport Nearby
From 2, Park Lane, Gainsborough, the nearest station is Kirton Lindsey, 4.2 kilometres away.
- 4.2kmKirton Lindsey
- 7.3kmBrigg
- 12.4kmBarnetby
Available Internet Speeds
Internet coverage here is poor, based on recent Ofcom data, and connectivity may be weak or unavailable.
According to recent data from Ofcom, Slow/none broadband is available in the area.
Risk of Flooding
The flood risk here is rated medium, based on Environment Agency data.
