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

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 FURROW CLOSE is a large extended detached house of 127m², built sometime between 1996 and 2002, which could now be worth an estimated £405,371. It was last sold for £283,000 in August 2015, which was around 39% 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	£203,234	39% above HPI
1998 26 JUN	£112,950	£69,792	62% 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 62% above the HPI. So the extrapolation line tracks at 62% above the HPI over time, until the August 2015 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might 2 FURROW CLOSE be worth now?

2 FURROW CLOSE might now be worth an estimated £405,371.

This is based on house price inflation of 43.2%, between August 2015 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 43.2% inflationary increase is applied to the most recent sale price for 2 FURROW CLOSE of £283,000 on 26th August 2015. For the value to have increased from £283,000 to £405,371 over the ten years and six months to February 2025, the following assumptions must hold true:

• The value of 2 FURROW CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2015 sale price of £283,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FURROW CLOSE has not materially changed since August 2015.

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 houses in Welton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Welton, and where 2 FURROW CLOSE lies on this distribution: 64% of detached houses 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.