2, FIELD CLOSE, WELTON, LINCOLN, LN2 3TT - £345,000

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

2 FIELD CLOSE is a large extended detached house of 129m², built sometime between 1996 and 2002. It was last sold for £345,000 in April 2019, which was around 54% above the average April 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2018, where the current energy rating was D, and the potential energy rating was C.

2 FIELD CLOSE Sold Prices

Land registry data shows two sales for 2 FIELD CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 2 FIELD CLOSE 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
2019 30 APR	£345,000	£224,278	54% above HPI
1998 11 DEC	£79,950	£67,556	18% above HPI

2 FIELD CLOSE 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 two 2 FIELD CLOSE sales from December 1998 and April 2019 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 December 1998 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the April 2019 sale, where it rises to 54% above the HPI. The line then continues to track at 54% above the HPI.

How Large is 2 FIELD CLOSE?

2 FIELD CLOSE is 129m², which includes three extensions, according to the EPC inspection conducted in October 2018. This puts it in the largest 40% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 2 FIELD CLOSE lies on this distribution: 66% of detached houses are smaller than 2 FIELD CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Welton.

2 FIELD CLOSE: Plot and Title Map

2 FIELD CLOSE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of 2 FIELD CLOSE, 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 FIELD CLOSE). 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 FIELD CLOSE?

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