1, RIDGE CLOSE, WELTON, LINCOLN, LN2 3UB - £375,000

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 RIDGE CLOSE is a very large extended detached house of 153m², built sometime between 1996 and 2002. It was last sold for £375,000 in July 2018, which was around 69% above the average July 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was C.

1 RIDGE CLOSE Sold Prices

Land registry data shows four sales for 1 RIDGE CLOSE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 1 RIDGE 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
2018 17 JUL	£375,000	£221,955	69% above HPI
2006 14 JUN	£249,995	£173,252	44% above HPI
2003 18 JUN	£205,000	£134,203	53% above HPI
1998 18 SEP	£124,500	£71,242	75% above HPI

1 RIDGE 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 four 1 RIDGE CLOSE sales between September 1998 and July 2018 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 June 2006 sale was for 44% above the HPI. So the extrapolation line tracks at 44% above the HPI over time, until the July 2018 sale, where it rises to 69% above the HPI. The line then continues to track at 69% above the HPI.

How Large is 1 RIDGE CLOSE?

1 RIDGE CLOSE is 153m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the largest 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 RIDGE CLOSE lies on this distribution: 83% of detached houses are smaller than 1 RIDGE CLOSE, and 17% of houses are larger. Note that EPC data is not available for all properties in Welton.

1 RIDGE CLOSE: Plot and Title Map

1 RIDGE CLOSE sits on a plot of roughly 0.110 of an acre, or 447m². The below map shows the location of 1 RIDGE 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 RIDGE 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 RIDGE CLOSE?

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