24, WELLS DRIVE, BRACEBRIDGE HEATH, LINCOLN, LN4 2UE - £157,500

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

24 WELLS DRIVE is a small detached house of 80m², built sometime between 1996 and 2002. It was last sold for £157,500 in October 2011, which was around 13% below the average October 2011 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2011, where the current energy rating was D, and the potential energy rating was C.

24 WELLS DRIVE Sold Prices

Land registry data shows three sales for 24 WELLS DRIVE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three 24 WELLS DRIVE 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
2011 7 OCT	£157,500	£181,253	13% below HPI
2004 19 MAR	£141,000	£158,723	11% below HPI
2001 29 JUN	£83,750	£84,634	1% below HPI

24 WELLS DRIVE 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 three 24 WELLS DRIVE sales between June 2001 and October 2011 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 March 2004 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2011 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is 24 WELLS DRIVE?

24 WELLS DRIVE is 80m² according to the EPC inspection conducted in June 2011. This puts it in the smallest 30% of detached houses in Bracebridge Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Bracebridge Heath, and where 24 WELLS DRIVE lies on this distribution: 20% of detached houses are smaller than 24 WELLS DRIVE, and 80% of houses are larger. Note that EPC data is not available for all properties in Bracebridge Heath.

24 WELLS DRIVE: Plot and Title Map

24 WELLS DRIVE sits on a plot of roughly 0.068 of an acre, or 274m². The below map shows the location of 24 WELLS DRIVE, 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 24 WELLS DRIVE). 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 24 WELLS DRIVE?

24 WELLS DRIVE is located in BRACEBRIDGE HEATH, in the LN4 postcode district. The below map shows the position of No. 24 on WELLS DRIVE.