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Gainsborough House Prices Gainsborough House Prices

The average house price in Gainsborough is £117,226 using HM Land Registry data.

The average property price increased by £44,568 (39.55%) over the last 5 years and increased by £8,907 (6%) over the last 12 months.

Over the last year, there were 242 residential property sales – a decrease of 239 transactions (-98.76%) relative to the previous year. The majority of house sales (52) were in the £94,000 - £128,000 range. Then came properties in the £60,000 - £94,000 range, where 49 were sold within this price bracket.

Excluding fall throughs, properties are taking an average of 77 days to sell (from being listed to completion) and the average difference between asking and sold prices is £-6,451 (-3%).

In April 2024, there were 64 new estate agency instructions, 41 agreed home sales and 40 property price reductions.

Postcodes Covered: DN21

5-Year Average Property Prices in Gainsborough

39.55%

Property prices in Gainsborough increased by 39.55% in last 5 years.

The trend shows the general price tendency over the last 5 years, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Average Property Prices in Gainsborough Over the Last Year

6%

Property prices in Gainsborough increased by 6% in last 12 months.

The trend shows the general price tendency over the last 12 months, ignoring all month-to-month fluctuations where anomalies - typically over or underpriced property sales - can skew results. These monthly variations typically do not have any long-term relevance.

We have used linear regression method. The volume of sales in a month is used to put more weight on months with a larger number of properties sold. Additionally, weighting decreases the impact of months with low sales volumes as well as the most recent month - which may consist of incomplete data. Such months have a higher variation of average sale values which may conceal the underlying trend.

From a statistical perspective, we use the least squares method to fit the trend line and weights are equal to the volume of sales squared. The volume of sales is not shown explicitly in the above plot. Also note the time lag for HM Land Registry data to appear (typically 2 to 3 months).

Property Market Heat Gauge for Gainsborough - April 2024

Our Property Market Heat Gauge looks at how long properties in your postcode district have been on the open market before being changed to sold 'Subject to Contract' ('STC') or 'Under Offer' on Rightmove (the UK's leading property portal).

At 61 to 80 days, the broad evidence suggests a slow moving market. This can often be due to estate agency over-valuations out of sync with the realities, a market slowdown or a combination of both. In such scenarios, some vendors may either choose to wait for the market to pick up (which may result in some relisting the property at a later date). Others simply reduce the price to a level that will entice more buyer interest or approach a sell house fast or auction company like Property Solvers.

Please note that this is not an indicator of how quickly property sales are taking to complete (i.e. to go through the whole conveyancing process). This measurement also does not take into account the risk of home sales falling through.

No. of New Instructions Over the Last 12 Months in Gainsborough

Using local estate agency reported data, this chart illustrates the number of properties that have come on to the market.

No. of Agreed Home Sales Over the Last 12 Months in Gainsborough

Using local estate agency reported data, this chart illustrates the number of property sales agreed. Note that these figures are not fully reflective of properties completed (sold and registered as such at HM Land Registry).

No. of Properties with Price Reductions in Gainsborough

Using local estate agency reported data, this chart illustrates the number of properties which have been seen their prices dropped (typically due to a lack of buyer interest).

Average Annual House Prices in the Gainsborough since 1995

Using HM Land Registry data, this chart displays average annual house prices in the Gainsborough area since 1995.

Recent Property Sales in Gainsborough

AddressInitial PriceSold PricePrice ChangeFirst Listed DateSold DateDays to Sell
7 Dunster Road, Gainsborough, Lincolnshire, DN21 1HL£268,000£248,000-£20,00023 Nov 202301 Mar 202499 Days
27 North Marsh Road, Gainsborough, Lincolnshire, DN21 2RN£125,000£120,000-£5,00003 Oct 202315 Feb 2024135 Days
11 Drake Street, Gainsborough, Lincolnshire, DN21 1DF£74,950£68,000-£6,95021 Nov 202318 Jan 202458 Days
346 Ropery Road, Gainsborough, Lincolnshire, DN21 2PD£55,000£55,000£0006 Dec 202311 Jan 202436 Days
14 Carlisle Street, Gainsborough, Lincolnshire, DN21 2HZ£90,000£90,000£0023 Jun 202322 Dec 2023182 Days
6 Laurel Close, Gainsborough, Lincolnshire, DN21 1FE£130,000£130,000£0028 Jul 202321 Dec 2023146 Days
60 Trent Street, Gainsborough, Lincolnshire, DN21 1JZ£68,000£65,500-£2,50019 Jul 202319 Dec 2023153 Days
6 Parish Mews, Gainsborough, Lincolnshire, DN21 2HN£99,950£99,950£0020 Sep 202318 Dec 202389 Days
48 Nursery Vale, Morton, Gainsborough, Lincolnshire, DN21 3GE£285,000£280,000-£5,00023 Sep 202313 Dec 202381 Days
21 St Pauls Road, Gainsborough, Lincolnshire, DN21 2TE£180,000£178,000-£2,00031 Aug 202301 Dec 202392 Days
15 Lincoln Street, Gainsborough, Lincolnshire, DN21 2LD£125,000£125,000£0015 Aug 202301 Dec 2023108 Days
8 Arthur Road, Gainsborough, Lincolnshire, DN21 2QS£149,950£146,500-£3,45018 Aug 202324 Nov 202398 Days
8 The Pines, Gainsborough, Lincolnshire, DN21 1PW£173,000£171,000-£2,00011 Jul 202316 Nov 2023128 Days
5 Marlborough Street, Gainsborough, Lincolnshire, DN21 1BU£112,500£110,000-£2,50006 Mar 202315 Nov 2023254 Days
43 Heapham Road, Gainsborough, Lincolnshire, DN21 1SW£115,000£115,000£0022 Jun 202315 Nov 2023146 Days
80 Lea Road, Gainsborough, Lincolnshire, DN21 1AD£200,000£195,000-£5,00020 Jul 202313 Nov 2023116 Days
51 Ashcroft Road, Gainsborough, Lincolnshire, DN21 1LB£69,500£69,500£0011 Aug 202313 Nov 202394 Days
22 Horsley Road, Gainsborough, Lincolnshire, DN21 2TD£145,000£145,000£0021 Jun 202313 Nov 2023145 Days
76 Sandsfield Lane, Gainsborough, Lincolnshire, DN21 1DD£79,000£77,500-£1,50024 Aug 202308 Nov 202376 Days
55 Grey Street, Gainsborough, Lincolnshire, DN21 2PS£82,500£82,500£0005 Aug 202303 Nov 202390 Days

Most Expensive Streets in Gainsborough

PostcodeStreetAreaAverageNo. of Sales
DN21 1PSFoxby WarrenGainsborough£408,3333
DN21 3GBSalisbury CloseMorton£289,1586
DN21 1FYLindrick DriveGainsborough£278,6254
DN21 3BWMill LaneMorton£266,5004
DN21 1QFThonock AvenueGainsborough£258,49710
DN21 3BYField LaneMorton£256,6663
DN21 1HLDunster RoadGainsborough£256,0003
DN21 3DAWalkerith RoadMorton£243,4005
DN21 2JBNortholmeGainsborough£233,3333
DN21 1FFOak Tree AvenueGainsborough£226,6666

Least Expensive Streets in Gainsborough

PostcodeStreetAreaAverageNo. of Sales
DN21 1BHHigh StreetGainsborough£36,6985
DN21 1JLClinton TerraceGainsborough£38,9984
DN21 1BNFrampton TerraceGainsborough£39,8333
DN21 1JRPortland TerraceGainsborough£40,2504
DN21 1JQLinden TerraceGainsborough£40,60010
DN21 1BXWellington StreetGainsborough£40,9086
DN21 1BZDickenson TerraceGainsborough£42,1254
DN21 1LAWaterworks StreetGainsborough£42,18013
DN21 2JFTower StreetGainsborough£44,1666
DN21 1BSWheeldon StreetGainsborough£45,0003

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