2, EASTFIELD LANE, WELTON, LINCOLN, LN2 3NA - £172,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

2 EASTFIELD LANE is a very small detached house of 64m², built sometime between 1967 and 1975, which could now be worth an estimated £243,347. It was last sold for £172,500 in February 2017, which was around 16% below the average February 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2023, where the current energy rating was C, and the potential energy rating was B.

2 EASTFIELD LANE Sold Prices

Land registry data shows three sales for 2 EASTFIELD LANE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 2 EASTFIELD LANE 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
2017 22 FEB	£172,500	£206,360	16% below HPI
2006 22 FEB	£148,500	£181,765	18% below HPI
2005 28 OCT	£108,000	£176,867	39% below HPI

2 EASTFIELD 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 three 2 EASTFIELD LANE sales between October 2005 and February 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 February 2006 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the February 2017 sale, where it rises to 16% below the HPI. The line then continues to track at 16% below the HPI.

What might 2 EASTFIELD LANE be worth now?

2 EASTFIELD LANE might now be worth an estimated £243,347.

This is based on house price inflation of 41.1%, between February 2017 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 41.1% inflationary increase is applied to the most recent sale price for 2 EASTFIELD LANE of £172,500 on 22nd February 2017. For the value to have increased from £172,500 to £243,347 over the eight years to February 2025, the following assumptions must hold true:

• The value of 2 EASTFIELD LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The February 2017 sale price of £172,500 represented a fair market value for the property.
• The size, condition, and specification of 2 EASTFIELD LANE has not materially changed since February 2017.

How Large is 2 EASTFIELD LANE?

2 EASTFIELD LANE is 64m² according to the EPC inspection conducted in May 2023. This puts it in the smallest 10% of detached houses houses in Welton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Welton, and where 2 EASTFIELD LANE lies on this distribution: 4% of detached houses houses are smaller than 2 EASTFIELD LANE, and 95% of houses are larger. Note that EPC data is not available for all properties in Welton.

2 EASTFIELD LANE: Plot and Title Map

2 EASTFIELD LANE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of 2 EASTFIELD 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 2 EASTFIELD 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 2 EASTFIELD LANE?

2 EASTFIELD LANE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 2 on EASTFIELD LANE.