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

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 THE SPURR is a very small detached house of 86m², built sometime between 1967 and 1975. It was last sold for £230,000 in September 2020, which was around 13% 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	£262,930	13% below HPI
2015 27 NOV	£145,000	£211,957	32% 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 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the September 2020 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

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 in Wellingore, based on EPC data. The below chart shows the distribution of detached houses by size in Wellingore, and where 2 THE SPURR lies on this distribution: 14% of detached houses are smaller than 2 THE SPURR, and 85% 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 0.133 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.