15, FIELD CLOSE, WELTON, LINCOLN, LN2 3TT - £265,000

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

15 FIELD CLOSE is a midsized extended detached house of 117m², built sometime between 1996 and 2002. It was last sold for £265,000 in November 2017, which was around 23% above the average November 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

15 FIELD CLOSE Sold Prices

Land registry data shows four sales for 15 FIELD 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. The four 15 FIELD CLOSE sales were a mix of above the average price, and roughly equal to 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
2017 10 NOV	£265,000	£215,405	23% above HPI
2015 27 OCT	£224,950	£196,626	14% above HPI
1999 31 MAR	£68,500	£64,531	6% above HPI
1997 27 JUN	£64,950	£65,185	Close to HPI

15 FIELD 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 15 FIELD CLOSE sales between June 1997 and November 2017 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 October 2015 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the November 2017 sale, where it rises to 23% above the HPI. The line then continues to track at 23% above the HPI.

How Large is 15 FIELD CLOSE?

15 FIELD CLOSE is 117m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the largest 50% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 15 FIELD CLOSE lies on this distribution: 52% of detached houses are smaller than 15 FIELD CLOSE, and 47% of houses are larger. Note that EPC data is not available for all properties in Welton.

15 FIELD CLOSE: Plot and Title Map

15 FIELD CLOSE sits on a plot of roughly 0.060 of an acre, or 241m². The below map shows the location of 15 FIELD 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 15 FIELD 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 15 FIELD CLOSE?

15 FIELD CLOSE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 15 on FIELD CLOSE.