3, BISHOPS PLACE, WELTON, LINCOLN, LN2 3FR - £385,000

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

3 BISHOPS PLACE is a very large detached house of 160m², built sometime between 1991 and 1995. It was last sold for £385,000 in September 2022, which was around 35% above the average September 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2016, where the current energy rating was D, and the potential energy rating was C.

3 BISHOPS PLACE Sold Prices

Land registry data shows two sales for 3 BISHOPS PLACE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 3 BISHOPS PLACE 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
2022 5 SEP	£385,000	£284,219	35% above HPI
2001 21 SEP	£148,950	£87,255	71% above HPI

3 BISHOPS PLACE 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 two 3 BISHOPS PLACE sales from September 2001 and September 2022 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 September 2001 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the September 2022 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is 3 BISHOPS PLACE?

3 BISHOPS PLACE is 160m² according to the EPC inspection conducted in April 2016. This puts it in the largest 20% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 3 BISHOPS PLACE lies on this distribution: 85% of detached houses are smaller than 3 BISHOPS PLACE, and 15% of houses are larger. Note that EPC data is not available for all properties in Welton.

3 BISHOPS PLACE: Plot and Title Map

3 BISHOPS PLACE sits on a plot of roughly 0.123 of an acre, or 497m². The below map shows the location of 3 BISHOPS PLACE, 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 3 BISHOPS PLACE). 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 3 BISHOPS PLACE?

3 BISHOPS PLACE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 3 on BISHOPS PLACE.