15, MEADOW WAY, WELTON, LINCOLN, LN2 3QH - £345,000

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

15 MEADOW WAY is a midsized extended detached house of 113m², built sometime between 1996 and 2002. It was last sold for £345,000 in February 2022, which was around 26% above the average February 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

15 MEADOW WAY Sold Prices

Land registry data shows four sales for 15 MEADOW WAY 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 MEADOW WAY 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
2022 24 FEB	£345,000	£273,756	26% above HPI
2015 9 JUL	£230,000	£192,441	20% above HPI
2005 17 OCT	£175,000	£174,329	Close to HPI
1999 12 NOV	£93,995	£73,324	28% above HPI

15 MEADOW WAY 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 MEADOW WAY sales between November 1999 and February 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 2015 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the February 2022 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 15 MEADOW WAY?

15 MEADOW WAY is 113m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 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 MEADOW WAY lies on this distribution: 48% of detached houses are smaller than 15 MEADOW WAY, and 51% of houses are larger. Note that EPC data is not available for all properties in Welton.

15 MEADOW WAY: Plot and Title Map

15 MEADOW WAY sits on a plot of roughly 0.117 of an acre, or 475m². The below map shows the location of 15 MEADOW WAY, 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 MEADOW WAY). 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 MEADOW WAY?

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