1B, THE DRIFT, WALCOTT, LINCOLN, LN4 3SZ - £300,000

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

1B THE DRIFT is a large detached house of 170m², built sometime between 2003 and 2006, which could now be worth an estimated £376,390. It was last sold for £300,000 in May 2017, which was around 28% above the average May 2017 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2011, where the current energy rating was C, and the potential energy rating was C.

1B THE DRIFT Sold Prices

Land registry data shows six sales for 1B THE DRIFT since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Most of the six 1B 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
2017 2 MAY	£300,000	£234,844	28% above HPI
2015 9 SEP	£298,000	£210,030	42% above HPI
2012 23 NOV	£250,000	£177,028	41% above HPI
2006 3 FEB	£240,000	£172,313	39% above HPI
2004 15 SEP	£80,000	£166,717	52% below HPI
2004 12 MAR	£75,000	£156,713	52% below HPI

1B 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 six 1B THE DRIFT sales between March 2004 and May 2017 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 September 2015 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the May 2017 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

What might 1B THE DRIFT be worth now?

1B THE DRIFT might now be worth an estimated £376,390.

This is based on house price inflation of 25.5%, between May 2017 and December 2024, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.5% inflationary increase is applied to the most recent sale price for 1B THE DRIFT of £300,000 on 2nd May 2017. For the value to have increased from £300,000 to £376,390 over the six years and five months to December 2024, the following assumptions must hold true:

• The value of 1B THE DRIFT has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The May 2017 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of 1B THE DRIFT has not materially changed since May 2017.

How Large is 1B THE DRIFT?

1B THE DRIFT is 170m² according to the EPC inspection conducted in February 2011. This puts it in the largest 40% of detached houses houses in Walcott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Walcott, and where 1B THE DRIFT lies on this distribution: 69% of detached houses houses are smaller than 1B THE DRIFT, and 31% of houses are larger. Note that EPC data is not available for all properties in Walcott.

1B THE DRIFT: Plot and Title Map

1B THE DRIFT sits on a plot of roughly 0.138 of an acre, or 557m². The below map shows the location of 1B 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 1B 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 1B THE DRIFT?

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