2, THE SPURR, WELLINGORE, LINCOLN, LN5 0DT - £230,000

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 THE SPURR is a very small detached house of 86m², built sometime between 1967 and 1975, which could now be worth an estimated £268,229. It was last sold for £230,000 in September 2020, which was around 11% below the average September 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was September 2018, where the current energy rating was E, and the potential energy rating was C.

2 THE SPURR Sold Prices

Land registry data shows two sales for 2 THE SPURR since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Both of the two 2 THE SPURR 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
2020 11 SEP	£230,000	£259,600	11% below HPI
2015 27 NOV	£145,000	£209,272	31% below HPI

2 THE SPURR Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 2 THE SPURR sales from November 2015 and September 2020 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 November 2015 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the September 2020 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might 2 THE SPURR be worth now?

2 THE SPURR might now be worth an estimated £268,229.

This is based on house price inflation of 16.6%, between September 2020 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.6% inflationary increase is applied to the most recent sale price for 2 THE SPURR of £230,000 on 11th September 2020. For the value to have increased from £230,000 to £268,229 over the five years and seven months to February 2025, the following assumptions must hold true:

• The value of 2 THE SPURR has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The September 2020 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE SPURR has not materially changed since September 2020.

How Large is 2 THE SPURR?

2 THE SPURR is 86m² according to the EPC inspection conducted in September 2018. This puts it in the smallest 20% of detached houses houses in Wellingore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wellingore, and where 2 THE SPURR lies on this distribution: 13% of detached houses houses are smaller than 2 THE SPURR, and 86% of houses are larger. Note that EPC data is not available for all properties in Wellingore.

2 THE SPURR: Plot and Title Map

2 THE SPURR sits on a plot of roughly 0.132 of an acre, or 536m². The below map shows the location of 2 THE SPURR, 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 THE SPURR). 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 THE SPURR?

2 THE SPURR is located in WELLINGORE, in the LN5 postcode district. The below map shows the position of No. 2 on THE SPURR.