3, Prospect Terrace
3, Prospect Terrace
Description & Estimates
3, Prospect Terrace, Gainsborough is recorded publicly as a period freehold house across 871 ft2 of internal area.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 3, Prospect Terrace, Gainsborough is £69,637 and its rental estimate is £417 per month, given the available information and assuming reasonable condition.
Prospect Terrace, Gainsborough, DN21 falls within the DN21 postal district, in the borough of West Lindsey.
Our Data Sources
3, Prospect Terrace, Gainsborough has a single entry in the Land Registry from August 2018 and a single entry in the EPC database dated May 2017.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
The local information is scored as 3 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 3, Prospect Terrace, Gainsborough, we estimate a market value of £73,119 and a rental value of £437 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £64,763 and £387 per month respectively.
Recent Market Change
Over the last year, 3, Prospect Terrace, Gainsborough has seen its estimated sale value fall by £564 (0.8%) and its estimated rental value move up by £18 per month (4.4%). This results in an estimated gross rental yield of 7.2%.
Energy Efficiency
3, Prospect Terrace, Gainsborough has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 05 May 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 3, Prospect Terrace, Gainsborough completed on 10th August 2018 at £71,500 and was recorded by HM Land Registry as a freehold house.
Since 1995 this is the property's only sale.
Values of comparable properties have risen by 121.9% over the period since August 2018.
- Sold Aug 2018£71,500
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 3, Prospect Terrace, Gainsborough have sold within a radius of 580 metres, per the Land Registry and our network of Estate Agents.
The latest, on the 16th August 2024, was 10, Wheeldon Street, Gainsborough, DN21 1BS, a freehold house which sold for £50,000.
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 12 addresses on Prospect Terrace, Gainsborough, DN21, 3, Prospect Terrace, Gainsborough comes out as the 8th largest and the 9th most expensive in our analysis of the public data.
It is also £117k less expensive than the average property across the DN21 district.
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Schools Nearby
- 500mBenjamin Adlard Primary School
- 1.0kmThe Gainsborough Hillcrest Early Years Academy
- 1.1kmThe Gainsborough Parish Church Primary School
- 2.0kmThe Gainsborough Academy
- 2.1kmThe Queen Elizabeth's High School, Gainsborough
- 13.8kmThe Elizabethan Academy
More reading links
Public Transport Nearby
From 3, Prospect Terrace, Gainsborough, the nearest station is Gainsborough Central, 700 metres away.
- 700mGainsborough Central
- 900mGainsborough Lea Road
- 14.6kmRetford
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.
