1, THE DRIFT, WALCOTT, LINCOLN, LN4 3SZ - £448,500

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 THE DRIFT is a very large detached house of 251m². It was last sold for £448,500 in August 2020, which was around 70% above the average August 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2019, where the current energy rating was B, and the potential energy rating was B.

1 THE DRIFT Sold Prices

Land registry data shows two sales for 1 THE DRIFT since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. One of the two 1 THE DRIFT sales was for above the average price, whilst the other was 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
2020 20 AUG	£448,500	£263,815	70% above HPI
2018 15 MAR	£70,000	£238,220	71% below HPI

1 THE DRIFT Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 1 THE DRIFT sales from March 2018 and August 2020 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 March 2018 sale was for 71% below the HPI. So the extrapolation line tracks at 71% below the HPI over time, until the August 2020 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is 1 THE DRIFT?

1 THE DRIFT is 251m² according to the EPC inspection conducted in June 2019. This puts it in the largest 20% of detached houses in Walcott, based on EPC data. The below chart shows the distribution of detached houses by size in Walcott, and where 1 THE DRIFT lies on this distribution: 87% of detached houses are smaller than 1 THE DRIFT, and 13% of houses are larger. Note that EPC data is not available for all properties in Walcott.

1 THE DRIFT: Plot and Title Map

1 THE DRIFT sits on a plot of roughly 0.183 of an acre, or 740m². The below map shows the location of 1 THE DRIFT, 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 THE DRIFT). 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 THE DRIFT?

1 THE DRIFT is located in WALCOTT, in the LN4 postcode district. The below map shows the position of No. 1 on THE DRIFT.