229, Lea Road
229, Lea Road
Description & Estimates
229, Lea Road, Gainsborough is recorded publicly as a period freehold house across 936 ft2 of internal area, sitting on a 123 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 229, Lea Road, Gainsborough is £130,516 and its rental estimate is £768 per month, given the available information and assuming reasonable condition.
Lea Road, Gainsborough, DN21 falls within the DN21 postal district, in the borough of West Lindsey.
Our Data Sources
229, Lea Road, Gainsborough has 21 entries in the Land Registry , most recently in October 2018 and a single entry in the EPC database dated November 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 4 out of 5 and is considered of high 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 229, Lea Road, Gainsborough, we estimate a market value of £137,041 and a rental value of £806 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £121,379 and £714 per month respectively.
Recent Market Change
Over the last year, 229, Lea Road, Gainsborough has seen its estimated sale value decline by £1,058 (0.8%) and its estimated rental value climb by £34 per month (4.4%). This results in an estimated gross rental yield of 7.1%.
Plot Size
HM Land Registry records the plot of land for 229, Lea Road, Gainsborough as measuring 123 m2.
That makes it the 11th largest plot in the postcode, where 26 of the 49 other houses have recorded plot data.
Energy Efficiency
229, Lea Road, Gainsborough has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Nov 2017.
The property is connected to mains gas and has fully double glazed windows. It is heated using Boiler and radiators, mains gas.
Sold Prices
The most recent sale of 229, Lea Road, Gainsborough completed on 19th October 2018 at £73,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold twice.
Values of comparable properties have risen by 54.3% over the period since October 2018.
- Sold Oct 2018£73,000
- Sold Apr 2003£42,950
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 229, Lea Road, Gainsborough have sold within a radius of 1.0 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 22nd May 2024, was 142, Lea Road, Gainsborough, DN21 1AN, a freehold house which sold for £140,000.
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 267 addresses on Lea Road, Gainsborough, DN21, 229, Lea Road, Gainsborough comes out as the 141st largest and the 142nd most expensive in our analysis of the public data.
It is also £57k less expensive than the average property across the DN21 district.
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Schools Nearby
- 600mBenjamin Adlard Primary School
- 1.2kmSt George's Church of England Community Primary School, Gainsborough
- 1.7kmThe Gainsborough Hillcrest Early Years Academy
- 2.9kmThe Gainsborough Academy
- 3.2kmThe Queen Elizabeth's High School, Gainsborough
- 13.5kmThe Elizabethan Academy
More reading links
Public Transport Nearby
From 229, Lea Road, Gainsborough, the nearest station is Gainsborough Lea Road, 300 metres away.
- 300mGainsborough Lea Road
- 1.8kmGainsborough Central
- 14.2kmRetford
Available Internet Speeds
Broadband here reaches superfast speeds, based on recent Ofcom data.
According to recent data from Ofcom, Superfast broadband is available in the area.
Risk of Flooding
The flood risk here is rated very low, based on Environment Agency data.
