8, Rectory Lea
8, Rectory Lea
Description & Estimates
8, Rectory Lea, Gainsborough is recorded publicly as a modern freehold house across 721 ft2 of internal area, sitting on a 216 m2 plot.
Locally, houses of this size normally have 3 bedrooms with a garden.
Our estimate of the sale value of 8, Rectory Lea, Gainsborough is £181,099 and its rental estimate is £890 per month, given the available information and assuming reasonable condition.
Rectory Lea, Fillingham, Gainsborough, DN21 falls within the DN21 postal district, in the borough of West Lindsey.
Our Data Sources
8, Rectory Lea, Gainsborough has 3 entries in the Land Registry , most recently in August 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 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 8, Rectory Lea, Gainsborough, we estimate a market value of £190,154 and a rental value of £935 per month when presented in very good decorative order. Should the property require extensive cosmetic improvement, those figures would reduce to £168,422 and £828 per month respectively.
Recent Market Change
Over the last year, 8, Rectory Lea, Gainsborough has seen its estimated sale value move down by £1,468 (0.8%) and its estimated rental value increase by £39 per month (4.4%). This results in an estimated gross rental yield of 5.9%.
Plot Size
HM Land Registry records the plot of land for 8, Rectory Lea, Gainsborough as measuring 216 m2.
That makes it the 12th largest plot in the postcode, where all 15 other houses have recorded plot data.
Energy Efficiency
8, Rectory Lea, Gainsborough has an Energy Performance Rating (EPC) of C. This is based on the most recent assessment, dated 10 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
The most recent sale of 8, Rectory Lea, Gainsborough completed on 4th August 2022 at £201,000 and was recorded by HM Land Registry as a freehold house.
Since 1995 the property has sold 3 times.
Values of comparable properties have dropped by 16.3% over the period since August 2022.
- Sold Aug 2022£201,000
- Sold May 2018£152,500
- Sold Jun 2011£105,000
Similar Properties Sold Nearby
Over the past 2 years 3 properties similar to 8, Rectory Lea, Gainsborough have sold within a radius of 6.6 kilometres, per the Land Registry and our network of Estate Agents.
The latest, on the 17th March 2023, was 14, Rectory Lea, Gainsborough, DN21 5GE, a freehold house which sold for £165,000.
Read more about house prices in DN21.
- Sold Mar 2023£165,000 | 3 Bed House14, Rectory Lea, Gainsborough, DN21 5GE14, Rectory Lea, Gainsborough, DN21 5GE
- Sold Mar 2020£127,000 | 3 Bed House20, Willingham Road, Gainsborough, DN21 5BN20, Willingham Road, Gainsborough, DN21 5BN
- Sold Sep 2008£91,500 | 3 Bed House10, Rectory Lea, Gainsborough, DN21 5GE10, Rectory Lea, Gainsborough, DN21 5GE
•Nearby is defined as the radius comprising the nearest 2,000 addresses.
More reading links
Location Comparison
Of the 17 addresses on Rectory Lea, Fillingham, Gainsborough, DN21, 8, Rectory Lea, Gainsborough comes out as the 16th largest and the 16th most expensive in our analysis of the public data.
It is also £6k less expensive than the average property across the DN21 district.
More reading links
Schools Nearby
- 2.3kmIngham Primary School
- 4.3kmHemswell Cliff Primary School
- 5.8kmNormanby Primary School
- 9.2kmWilliam Farr CofE Comprehensive School
- 12.9kmLincoln Castle Academy
- 13.0kmThe Gainsborough Academy
More reading links
Public Transport Nearby
From 8, Rectory Lea, Gainsborough, the nearest station is Saxilby, 11.8 kilometres away.
- 11.8kmSaxilby
- 12.9kmGainsborough Lea Road
- 13.4kmGainsborough Central
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.
