12, ORCHARD CLOSE, WELTON, LINCOLN, LN2 3RU - £190,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

12 ORCHARD CLOSE is a very small extended detached house of 75m², built sometime between 1967 and 1975. It was last sold for £190,000 in March 2011, which was around 10% above the average March 2011 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2010, where the current energy rating was D, and the potential energy rating was D.

12 ORCHARD CLOSE Sold Prices

Land registry data shows three sales for 12 ORCHARD CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 12 ORCHARD 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
2011 25 MAR	£190,000	£173,061	10% above HPI
2009 31 JUL	£194,000	£178,357	9% above HPI
2004 1 JUL	£200,000	£171,695	16% above HPI

12 ORCHARD 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 three 12 ORCHARD CLOSE sales between July 2004 and March 2011 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 2009 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the March 2011 sale, where it rises to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is 12 ORCHARD CLOSE?

12 ORCHARD CLOSE is 75m², which includes one extension, according to the EPC inspection conducted in October 2010. 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 12 ORCHARD CLOSE lies on this distribution: 10% of detached houses are smaller than 12 ORCHARD CLOSE, and 90% of houses are larger. Note that EPC data is not available for all properties in Welton.

12 ORCHARD CLOSE: Plot and Title Map

12 ORCHARD CLOSE sits on a plot of roughly 0.101 of an acre, or 410m². The below map shows the location of 12 ORCHARD 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 12 ORCHARD 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 12 ORCHARD CLOSE?

12 ORCHARD CLOSE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 12 on ORCHARD CLOSE.