2, LODGE CLOSE, WELTON, LINCOLN, LN2 3TW - £223,000

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 LODGE CLOSE is a very small detached house of 65m², built sometime between 1991 and 1995. It was last sold for £223,000 in August 2021, which was around 13% below the average August 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

2 LODGE CLOSE Sold Prices

Land registry data shows three sales for 2 LODGE CLOSE 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 LODGE CLOSE 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
2021 26 AUG	£223,000	£255,587	13% below HPI
2017 5 JUL	£160,000	£217,884	27% below HPI
1995 24 FEB	£59,950	£63,955	6% below HPI

2 LODGE 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 three 2 LODGE CLOSE sales between February 1995 and August 2021 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 July 2017 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the August 2021 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 2 LODGE CLOSE?

2 LODGE CLOSE is 65m² according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% 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 LODGE CLOSE lies on this distribution: 5% of detached houses are smaller than 2 LODGE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Welton.

2 LODGE CLOSE: Plot and Title Map

2 LODGE CLOSE sits on a plot of roughly 0.113 of an acre, or 457m². The below map shows the location of 2 LODGE 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 LODGE 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 LODGE CLOSE?

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