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

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

1B THE DRIFT is a large detached house of 170m², built sometime between 2003 and 2006. It was last sold for £300,000 in May 2017, which was around 26% 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	£237,856	26% above HPI
2015 9 SEP	£298,000	£212,724	40% above HPI
2012 23 NOV	£250,000	£179,299	39% above HPI
2006 3 FEB	£240,000	£174,524	38% above HPI
2004 15 SEP	£80,000	£168,856	53% below HPI
2004 12 MAR	£75,000	£158,723	53% 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 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the May 2017 sale, where it falls to 26% above the HPI. The line then continues to track at 26% above the HPI.

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 in Walcott, based on EPC data. The below chart shows the distribution of detached houses by size in Walcott, and where 1B THE DRIFT lies on this distribution: 69% of detached 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.