1, WALCOT LANE, FOLKINGHAM, SLEAFORD, NG34 0TP - £350,000

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 WALCOT LANE is a very small detached house of 77m², built sometime between 1996 and 2002, which could now be worth an estimated £356,582. It was last sold for £350,000 in June 2022, which was around 3% below the average June 2022 detached price in the South Kesteven local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was B.

1 WALCOT LANE Sold Prices

Land registry data shows four sales for 1 WALCOT LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. two of the four 1 WALCOT LANE sales were for below the average price, and four 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
2022 13 JUN	£350,000	£361,537	3% below HPI
2016 26 JUL	£220,000	£262,350	16% below HPI
1997 19 NOV	£92,500	£81,527	13% above HPI
1996 1 MAY	£75,950	£68,153	11% above HPI

1 WALCOT LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The four 1 WALCOT LANE sales between May 1996 and June 2022 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 July 2016 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the June 2022 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might 1 WALCOT LANE be worth now?

1 WALCOT LANE might now be worth an estimated £356,582.

This is based on house price inflation of 1.9%, between June 2022 and December 2024, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.9% inflationary increase is applied to the most recent sale price for 1 WALCOT LANE of £350,000 on 13th June 2022. For the value to have increased from £350,000 to £356,582 over the one year and six months to December 2024, the following assumptions must hold true:

• The value of 1 WALCOT LANE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The June 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 1 WALCOT LANE has not materially changed since June 2022.

How Large is 1 WALCOT LANE?

1 WALCOT LANE is 77m² according to the EPC inspection conducted in April 2016. This puts it in the smallest 10% of detached houses houses in Folkingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Folkingham, and where 1 WALCOT LANE lies on this distribution: 10% of detached houses houses are smaller than 1 WALCOT LANE, and 88% of houses are larger. Note that EPC data is not available for all properties in Folkingham.

1 WALCOT LANE: Plot and Title Map

1 WALCOT LANE sits on a plot of roughly 0.165 of an acre, or 669m². The below map shows the location of 1 WALCOT LANE, 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 WALCOT LANE). 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 WALCOT LANE?

1 WALCOT LANE is located in FOLKINGHAM, in the NG34 postcode district. The below map shows the position of No. 1 on WALCOT LANE.