1A, THE DRIFT, WALCOTT, LINCOLN, LN4 3SZ - £295,000

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

1A THE DRIFT is a large extended detached house of 186m², built sometime from 2007 onwards. It was last sold for £295,000 in October 2015, which was around 39% above the average October 2015 detached price in the North Kesteven local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

1A THE DRIFT Sold Prices

Land registry data shows five sales for 1A THE DRIFT since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the five 1A THE DRIFT 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 30 OCT	£295,000	£211,922	39% above HPI
2012 19 OCT	£250,000	£176,113	42% above HPI
2010 24 FEB	£268,000	£184,673	45% above HPI
2005 1 JUN	£250,000	£180,417	39% above HPI
2004 17 DEC	£275,000	£172,625	59% above HPI

1A THE DRIFT Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The five 1A THE DRIFT sales between December 2004 and October 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 October 2012 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the October 2015 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

How Large is 1A THE DRIFT?

1A THE DRIFT is 186m², which includes one extension, according to the EPC inspection conducted in April 2012. This puts it in the largest 30% of detached houses in Walcott, based on EPC data. The below chart shows the distribution of detached houses by size in Walcott, and where 1A THE DRIFT lies on this distribution: 76% of detached houses are smaller than 1A THE DRIFT, and 24% of houses are larger. Note that EPC data is not available for all properties in Walcott.

1A THE DRIFT: Plot and Title Map

1A THE DRIFT sits on a plot of roughly 0.151 of an acre, or 610m². The below map shows the location of 1A THE DRIFT, 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 1A THE DRIFT). 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 1A THE DRIFT?

1A THE DRIFT is located in WALCOTT, in the LN4 postcode district. The below map shows the position of No. 1A on THE DRIFT.