1, CHAPTER CLOSE, WELTON, LINCOLN, LN2 3FS - £355,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 CHAPTER CLOSE is a large detached house of 130m², built sometime between 1996 and 2002, which could now be worth an estimated £345,746. It was last sold for £355,000 in December 2023, which was around 21% above the average December 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2023, where the current energy rating was C, and the potential energy rating was B.

1 CHAPTER CLOSE Sold Prices

Land registry data shows two sales for 1 CHAPTER CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 1 CHAPTER CLOSE sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2023 11 DEC	£355,000	£292,545	21% above HPI
2001 22 FEB	£119,950	£82,433	46% above HPI

1 CHAPTER CLOSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two 1 CHAPTER CLOSE sales from February 2001 and December 2023 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 2001 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the December 2023 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 1 CHAPTER CLOSE be worth now?

1 CHAPTER CLOSE might now be worth an estimated £345,746.

This is based on house price deflation of 2.6%, between December 2023 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.6% deflationary decrease is applied to the most recent sale price for 1 CHAPTER CLOSE of £355,000 on 11th December 2023. For the value to have decreased from £355,000 to £345,746 over the one year to December 2024, the following assumptions must hold true:

• The value of 1 CHAPTER CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2023 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of 1 CHAPTER CLOSE has not materially changed since December 2023.

How Large is 1 CHAPTER CLOSE?

1 CHAPTER CLOSE is 130m² according to the EPC inspection conducted in March 2023. This puts it in the largest 40% of detached houses houses in Welton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Welton, and where 1 CHAPTER CLOSE lies on this distribution: 66% of detached houses houses are smaller than 1 CHAPTER CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Welton.

1 CHAPTER CLOSE: Plot and Title Map

1 CHAPTER CLOSE sits on a plot of roughly 0.085 of an acre, or 346m². The below map shows the location of 1 CHAPTER CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 1 CHAPTER CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 1 CHAPTER CLOSE?

1 CHAPTER CLOSE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 1 on CHAPTER CLOSE.