18, CHAPEL LANE, WELTON, LINCOLN, LN2 3JW - £235,000

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

18 CHAPEL LANE is a midsized extended detached house of 123m², built sometime between 1967 and 1975. It was last sold for £235,000 in May 2015, which was around 26% above the average May 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was C.

18 CHAPEL LANE Sold Prices

Land registry data shows four sales for 18 CHAPEL LANE 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 18 CHAPEL LANE 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
2015 5 MAY	£235,000	£186,674	26% above HPI
2013 17 JUN	£220,000	£175,906	25% above HPI
2011 27 OCT	£227,500	£178,275	28% above HPI
2006 21 DEC	£228,000	£188,712	21% above HPI

18 CHAPEL 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 four 18 CHAPEL LANE sales between December 2006 and May 2015 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 June 2013 sale was for 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the May 2015 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

How Large is 18 CHAPEL LANE?

18 CHAPEL LANE is 123m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the largest 50% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 18 CHAPEL LANE lies on this distribution: 57% of detached houses are smaller than 18 CHAPEL LANE, and 43% of houses are larger. Note that EPC data is not available for all properties in Welton.

18 CHAPEL LANE: Plot and Title Map

18 CHAPEL LANE sits on a plot of roughly 0.182 of an acre, or 735m². The below map shows the location of 18 CHAPEL 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 18 CHAPEL 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 18 CHAPEL LANE?

18 CHAPEL LANE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 18 on CHAPEL LANE.