16, KINGS WAY, WELTON, LINCOLN, LN2 3FQ - £310,000

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 KINGS WAY is a large extended detached house of 139m², built sometime between 2003 and 2006, which could now be worth an estimated £382,370. It was last sold for £310,000 in September 2020, which was around 31% above the average September 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was June 2020, where the current energy rating was C, and the potential energy rating was B.

16 KINGS WAY Sold Prices

Land registry data shows four sales for 16 KINGS 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. Most of the four 16 KINGS WAY 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
2020 10 SEP	£310,000	£236,016	31% above HPI
2008 13 AUG	£185,000	£189,273	2% below HPI
2004 26 NOV	£185,000	£174,459	6% above HPI
2001 25 MAY	£91,950	£82,971	11% above HPI

16 KINGS 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 16 KINGS WAY sales between May 2001 and September 2020 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 August 2008 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the September 2020 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

What might 16 KINGS WAY be worth now?

16 KINGS WAY might now be worth an estimated £382,370.

This is based on house price inflation of 23.3%, between September 2020 and February 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 23.3% inflationary increase is applied to the most recent sale price for 16 KINGS WAY of £310,000 on 10th September 2020. For the value to have increased from £310,000 to £382,370 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 16 KINGS WAY has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2020 sale price of £310,000 represented a fair market value for the property.
• The size, condition, and specification of 16 KINGS WAY has not materially changed since September 2020.

How Large is 16 KINGS WAY?

16 KINGS WAY is 139m², which includes one extension, according to the EPC inspection conducted in June 2020. This puts it in the largest 30% 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 KINGS WAY lies on this distribution: 71% of detached houses houses are smaller than 16 KINGS WAY, and 28% of houses are larger. Note that EPC data is not available for all properties in Welton.

16 KINGS WAY: Plot and Title Map

16 KINGS WAY sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 16 KINGS 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 16 KINGS 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 16 KINGS WAY?

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