16, SPRING COURT, WELTON, LINCOLN, LN2 3TF - £220,000

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 SPRING COURT is a very small detached house of 68m², built sometime between 1983 and 1990. It was last sold for £220,000 in September 2023, which was around 22% below the average September 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2023, where the current energy rating was C, and the potential energy rating was B.

16 SPRING COURT Sold Prices

Land registry data shows four sales for 16 SPRING COURT 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. All of the four 16 SPRING COURT 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
2023 8 SEP	£220,000	£280,927	22% below HPI
2016 26 MAY	£178,500	£194,005	8% below HPI
2007 6 JUN	£154,000	£185,874	17% below HPI
2001 1 OCT	£69,950	£87,009	20% below HPI

16 SPRING COURT 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 SPRING COURT sales between October 2001 and September 2023 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 May 2016 sale was for 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the September 2023 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 16 SPRING COURT?

16 SPRING COURT is 68m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% 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 SPRING COURT lies on this distribution: 7% of detached houses are smaller than 16 SPRING COURT, and 93% of houses are larger. Note that EPC data is not available for all properties in Welton.

16 SPRING COURT: Plot and Title Map

16 SPRING COURT sits on a plot of roughly 0.075 of an acre, or 303m². The below map shows the location of 16 SPRING COURT, 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 SPRING COURT). 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 SPRING COURT?

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