2, FURROW CLOSE, WELTON, LINCOLN, LN2 3UD - £283,000

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 FURROW CLOSE is a large extended detached house of 127m², built sometime between 1996 and 2002. It was last sold for £283,000 in August 2015, which was around 41% above the average August 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2015, where the current energy rating was D, and the potential energy rating was C.

2 FURROW CLOSE Sold Prices

Land registry data shows two sales for 2 FURROW 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 FURROW 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
2015 26 AUG	£283,000	£200,318	41% above HPI
1998 26 JUN	£112,950	£68,791	64% above HPI

2 FURROW 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 FURROW CLOSE sales from June 1998 and August 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 June 1998 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the August 2015 sale, where it falls to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is 2 FURROW CLOSE?

2 FURROW CLOSE is 127m², which includes one extension, according to the EPC inspection conducted in March 2015. 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 FURROW CLOSE lies on this distribution: 64% of detached houses are smaller than 2 FURROW CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Welton.

2 FURROW CLOSE: Plot and Title Map

2 FURROW CLOSE sits on a plot of roughly 0.155 of an acre, or 626m². The below map shows the location of 2 FURROW 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 FURROW 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 FURROW CLOSE?

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