16, HEATH CLOSE, WELTON, LINCOLN, LN2 3JY - £139,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

16 HEATH CLOSE is a very small detached house of 65m², built sometime between 1967 and 1975, which could now be worth an estimated £219,454. It was last sold for £139,500 in May 2007, which was around 25% below the average May 2007 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2010, where the current energy rating was D, and the potential energy rating was C.

16 HEATH CLOSE Sold Prices

Land registry data shows two sales for 16 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 16 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
2007 9 MAY	£139,500	£186,994	25% below HPI
1995 18 DEC	£30,000	£60,058	50% below HPI

16 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 16 HEATH CLOSE sales from December 1995 and May 2007 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 December 1995 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the May 2007 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

What might 16 HEATH CLOSE be worth now?

16 HEATH CLOSE might now be worth an estimated £219,454.

This is based on house price inflation of 57.3%, between May 2007 and March 2025, 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 57.3% inflationary increase is applied to the most recent sale price for 16 HEATH CLOSE of £139,500 on 9th May 2007. For the value to have increased from £139,500 to £219,454 over the eighteen years and two months to March 2025, the following assumptions must hold true:

• The value of 16 HEATH CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2007 sale price of £139,500 represented a fair market value for the property.
• The size, condition, and specification of 16 HEATH CLOSE has not materially changed since May 2007.

How Large is 16 HEATH CLOSE?

16 HEATH CLOSE is 65m² according to the EPC inspection conducted in November 2010. This puts it in the smallest 10% 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 16 HEATH CLOSE lies on this distribution: 6% of detached houses houses are smaller than 16 HEATH CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Welton.

16 HEATH CLOSE: Plot and Title Map

16 HEATH CLOSE sits on a plot of roughly 0.081 of an acre, or 327m². The below map shows the location of 16 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 16 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 16 HEATH CLOSE?

16 HEATH CLOSE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 16 on HEATH CLOSE.