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

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

16 PREBEND LANE is a small extended detached house of 87m², built sometime between 1967 and 1975. It was last sold for £177,000 in June 2014, which was around 4% 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	£184,269	4% below HPI
2002 1 NOV	£109,000	£112,564	3% below HPI
1999 1 OCT	£58,000	£72,180	20% 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 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the June 2014 sale, where it falls to 4% below the HPI. The line then continues to track at 4% below the HPI.

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 in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 16 PREBEND LANE lies on this distribution: 21% of detached 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.