1, FIELD CLOSE, WELTON, LINCOLN, LN2 3TT - £184,950

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 FIELD CLOSE is a very small detached house of 85m², built sometime between 1991 and 1995. It was last sold for £184,950 in May 2015, which was around 1% below the average May 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was C.

1 FIELD CLOSE Sold Prices

Land registry data shows two sales for 1 FIELD 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 FIELD CLOSE sales were for below 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
2015 1 MAY	£184,950	£186,674	1% below HPI
1996 19 DEC	£62,950	£64,025	2% below HPI

1 FIELD 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 FIELD CLOSE sales from December 1996 and May 2015 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 December 1996 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the May 2015 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

How Large is 1 FIELD CLOSE?

1 FIELD CLOSE is 85m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 1 FIELD CLOSE lies on this distribution: 17% of detached houses are smaller than 1 FIELD CLOSE, and 82% of houses are larger. Note that EPC data is not available for all properties in Welton.

1 FIELD CLOSE: Plot and Title Map

1 FIELD CLOSE sits on a plot of roughly 0.071 of an acre, or 289m². The below map shows the location of 1 FIELD 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 FIELD 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 FIELD CLOSE?

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