14, THE GROVE, WELTON, LINCOLN, LN2 3LX - £377,500

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

14 THE GROVE is a midsized detached house of 124m², built sometime between 1983 and 1990, which could now be worth an estimated £366,914. It was last sold for £377,500 in August 2022, which was around 29% above the average August 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2017, where the current energy rating was D, and the potential energy rating was C.

14 THE GROVE Sold Prices

Land registry data shows two sales for 14 THE GROVE 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 14 THE GROVE 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
2022 10 AUG	£377,500	£293,139	29% above HPI
2018 24 JAN	£325,000	£222,763	46% above HPI

14 THE GROVE 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 14 THE GROVE sales from January 2018 and August 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 January 2018 sale was for 46% above the HPI. So the extrapolation line tracks at 46% above the HPI over time, until the August 2022 sale, where it falls to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might 14 THE GROVE be worth now?

14 THE GROVE might now be worth an estimated £366,914.

This is based on house price deflation of 2.8%, between August 2022 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.8% deflationary decrease is applied to the most recent sale price for 14 THE GROVE of £377,500 on 10th August 2022. For the value to have decreased from £377,500 to £366,914 over the one year and eight months to December 2024, the following assumptions must hold true:

• The value of 14 THE GROVE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2022 sale price of £377,500 represented a fair market value for the property.
• The size, condition, and specification of 14 THE GROVE has not materially changed since August 2022.

How Large is 14 THE GROVE?

14 THE GROVE is 124m² according to the EPC inspection conducted in October 2017. This puts it in the largest 40% of detached houses houses in Welton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Welton, and where 14 THE GROVE lies on this distribution: 60% of detached houses houses are smaller than 14 THE GROVE, and 40% of houses are larger. Note that EPC data is not available for all properties in Welton.

14 THE GROVE: Plot and Title Map

14 THE GROVE sits on a plot of roughly 0.284 of an acre, or 1,148m². The below map shows the location of 14 THE GROVE, 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 14 THE GROVE). 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 14 THE GROVE?

14 THE GROVE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 14 on THE GROVE.