2A, WELBOURNES LANE, LONG BENNINGTON, NEWARK, NG23 5DP - £408,250

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

2A WELBOURNES LANE is a very small detached house of 84m², built sometime between 1996 and 2002. It was last sold for £408,250 in June 2021, which was around 24% above the average June 2021 detached price in the South Kesteven local authority area. The most recent EPC inspection was July 2013, where the current energy rating was D, and the potential energy rating was B.

2A WELBOURNES LANE Sold Prices

Land registry data shows two sales for 2A WELBOURNES LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two 2A WELBOURNES LANE 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
2021 2 JUN	£408,250	£328,593	24% above HPI
2000 1 DEC	£187,000	£112,060	67% above HPI

2A WELBOURNES LANE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two 2A WELBOURNES LANE sales from December 2000 and June 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 December 2000 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the June 2021 sale, where it falls to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is 2A WELBOURNES LANE?

2A WELBOURNES LANE is 84m² according to the EPC inspection conducted in July 2013. This puts it in the smallest 10% of detached houses in Long Bennington, based on EPC data. The below chart shows the distribution of detached houses by size in Long Bennington, and where 2A WELBOURNES LANE lies on this distribution: 6% of detached houses are smaller than 2A WELBOURNES LANE, and 94% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

2A WELBOURNES LANE: Plot and Title Map

2A WELBOURNES LANE sits on a plot of roughly 0.134 of an acre, or 540m². The below map shows the location of 2A WELBOURNES LANE, 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 2A WELBOURNES LANE). 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 2A WELBOURNES LANE?

2A WELBOURNES LANE is located in LONG BENNINGTON, in the NG23 postcode district. The below map shows the position of No. 2A on WELBOURNES LANE.