Area Guide For Gainsborough

Gainsborough is a town in the West Lindsey region of Lincolnshire, England. It is arranged 18 miles north-west from the city and province town of Lincoln, and on the River Trent. At one time it served as an imperative port with exchange downstream to Hull, and was the most inland port in England, being more than 55 miles from the North Sea.

Gainsborough was one of the capital urban areas of Mercia amid the Anglo-Saxon period, which had gone before Danish tenet. It is justifiable that the Viking rulers would have been attracted to it as an authoritative focus, being near to the Danish fortification at Torksey.


Gainsborough Map

Estimated Price: £140,941
Average Asking Price: £185,694
Price change in last one year: £255
Average Price Paid: £126,101
Average Rent Rates: £479


Property Prices Breakdown in Gainsborough

Average Price for property in Gainsborough is around £140,941 which varies based on type of property you are interested in and ranges from £210,281 for detached house to around £116,683 for semi-detached. Similarly terraced house is around £82,831 and a flat is worth £87,007. Values have been changing and have risen £1,377 in last 3 months alone. Similar historical trend can be observed in price changes e.g. prices changed £5,110 in last 6 months, £255 in last 1 year, £6,009 in last 2 years, £6,016 in last 3 years, £2,014 in last 4 years and £5,439 in last 5 years.

Currently average asking price of a property in Gainsborough is around £185,694 based on approximately 528 properties for sale. Same is the case with rental options based on 143 properties up for rent, average asking rent is around £479 per month.

Estimated property value in Gainsborough is £140,941. Average asking price is £185,694 while average price paid is £136,836 which is up by £255 and Avg. asking rent £479.Based on an Online Survey

Buyers are willing to pay high dollar prices to grab these properties because of the recent trend in real estate investment especially in Gainsborough area. In last 1 year alone average price buyer paid is around £136,836 based on approximately 528 sales in Gainsborough area alone. If you compare it to last 3 years sales of 1,469 properties where buyers paid around £123,589. It has been same for some time now for e.g. if you take an average of amount paid in last 5 years, it comes to around £126,101 for 2,223 and average amount paid for purchase of approx. 3,288 properties sold in last 7 years comes to about £125,637 per sale.


Properties For Sale in Gainsborough


Breakdown of asking prices for homes of different sizes show that price varies clearly based on no of bedrooms and type of house. Asking price for a house with 1 bedroom is around £40,000, £103,055 for a 2 bedroom house, £147,298 for a 3 bedroom house, £233,934 for a 4 bedroom house and £340,845 for a 5 bedroom house. For a flat similarly the prices varies from £60,663 for a single bedroom to £120,000 for a 2 bedroom Flat. Same is the case with 3 bedroom flat £54,950. To sum up the asking prices for properties in Gainsborough it comes to around average £55,498 for 1 bedroom property, £103,297 for 2 bedroom, £146,735 for 3 bedroom, £233,934 for 4 bedroom and £340,845 for a 5 bedroom property.

Rent per calendar month varies similarly based on type and size of the house. If you look at the rents per month for houses alone it can vary from £360 for 1 bedroom to £406 for 2 bedrooms, £471 for 3 bedrooms, £620 for 4 bedrooms and £524 for 5 bedrooms house. But if you are interested in renting a 1 bedroom flat then rent per month can be around £336. As the no. of bedroom increase so will the rent e.g. for a 2 bedroom flat it will be around £405 and £342 for 3 bedroom. You should be generally be expecting around average £344 rent per month for single bedroom property, £406 for 2 bedroom, £463 for 3 bedroom, £620 for 4 bedroom and approximately £524 for a 5 bedroom property in Gainsborough area.

Popular Houses in Gainsborough

Disclaimer : Location real estate estimates and values are based on House price index background data and Sales data provided by United Kingdom Land registry Records available as public records from their website. This information is updated monthly on our website and may not reflect all public transactions. This information is based on estimated calculation generated from our developed algorithms. We are striving to make this information as accurate and useful as possible. This data covers the transactions received at Land Registry in the period 1/1/1995 to 9/1/2014. © Crown copyright 2014. Data produced by Land Registry © Crown copyright 2014.

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