16, PREBEND LANE, WELTON, LINCOLN, LN2 3JU - £177,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

16 PREBEND LANE is a small extended detached house of 87m², built sometime between 1967 and 1975, which could now be worth an estimated £275,619. It was last sold for £177,000 in June 2014, which was around 5% below the average June 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2013, where the current energy rating was D, and the potential energy rating was B.

16 PREBEND LANE Sold Prices

Land registry data shows three sales for 16 PREBEND LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 16 PREBEND LANE 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
2014 6 JUN	£177,000	£186,951	5% below HPI
2002 1 NOV	£109,000	£114,203	5% below HPI
1999 1 OCT	£58,000	£73,230	21% below HPI

16 PREBEND LANE 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 three 16 PREBEND LANE sales between October 1999 and June 2014 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 November 2002 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the June 2014 sale, which was also at 5% below the HPI.

What might 16 PREBEND LANE be worth now?

16 PREBEND LANE might now be worth an estimated £275,619.

This is based on house price inflation of 55.7%, between June 2014 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 55.7% inflationary increase is applied to the most recent sale price for 16 PREBEND LANE of £177,000 on 6th June 2014. For the value to have increased from £177,000 to £275,619 over the eleven years and four months to February 2025, the following assumptions must hold true:

• The value of 16 PREBEND LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The June 2014 sale price of £177,000 represented a fair market value for the property.
• The size, condition, and specification of 16 PREBEND LANE has not materially changed since June 2014.

How Large is 16 PREBEND LANE?

16 PREBEND LANE is 87m², which includes one extension, according to the EPC inspection conducted in September 2013. This puts it in the smallest 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 PREBEND LANE lies on this distribution: 21% of detached houses houses are smaller than 16 PREBEND LANE, and 78% of houses are larger. Note that EPC data is not available for all properties in Welton.

16 PREBEND LANE: Plot and Title Map

16 PREBEND LANE sits on a plot of roughly 0.069 of an acre, or 280m². The below map shows the location of 16 PREBEND LANE, 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 PREBEND LANE). 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 PREBEND LANE?

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