15, HEATH CLOSE, WELTON, LINCOLN, LN2 3JY - £70,000

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 HEATH CLOSE is a small extended detached house of 102m², built sometime between 1967 and 1975. It was last sold for £70,000 in August 2001, which was around 16% below the average August 2001 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2013, where the current energy rating was D, and the potential energy rating was B.

15 HEATH CLOSE Sold Prices

Land registry data shows two sales for 15 HEATH CLOSE 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 15 HEATH CLOSE sales were 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
2001 24 AUG	£70,000	£83,390	16% below HPI
1999 1 JUN	£63,950	£66,740	4% below HPI

15 HEATH 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 two 15 HEATH CLOSE sales from June 1999 and August 2001 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 June 1999 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the August 2001 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is 15 HEATH CLOSE?

15 HEATH CLOSE is 102m², which includes two extensions, according to the EPC inspection conducted in February 2013. This puts it in the smallest 40% 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 HEATH CLOSE lies on this distribution: 34% of detached houses are smaller than 15 HEATH CLOSE, and 64% of houses are larger. Note that EPC data is not available for all properties in Welton.

15 HEATH CLOSE: Plot and Title Map

15 HEATH CLOSE sits on a plot of roughly 0.069 of an acre, or 278m². The below map shows the location of 15 HEATH 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 HEATH 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 HEATH CLOSE?

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