3, LODGE CLOSE, WELTON, LINCOLN, LN2 3TW - £143,500

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.

3 LODGE CLOSE is a very small detached house of 66m², built sometime between 1996 and 2002, which could now be worth an estimated £234,773. It was last sold for £143,500 in April 2013, which was around 19% below the average April 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2024, where the current energy rating was D, and the potential energy rating was B.

3 LODGE CLOSE Sold Prices

Land registry data shows three sales for 3 LODGE CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. The three 3 LODGE CLOSE sales were a mix of below the average price, and roughly equal to 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
2013 19 APR	£143,500	£177,937	19% below HPI
2005 7 SEP	£159,000	£182,477	13% below HPI
1995 6 OCT	£59,950	£59,969	Close to HPI

3 LODGE CLOSE 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 three 3 LODGE CLOSE sales between October 1995 and April 2013 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 2005 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the April 2013 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

What might 3 LODGE CLOSE be worth now?

3 LODGE CLOSE might now be worth an estimated £234,773.

This is based on house price inflation of 63.6%, between April 2013 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 63.6% inflationary increase is applied to the most recent sale price for 3 LODGE CLOSE of £143,500 on 19th April 2013. For the value to have increased from £143,500 to £234,773 over the twelve years and two months to February 2025, the following assumptions must hold true:

• The value of 3 LODGE CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The April 2013 sale price of £143,500 represented a fair market value for the property.
• The size, condition, and specification of 3 LODGE CLOSE has not materially changed since April 2013.

How Large is 3 LODGE CLOSE?

3 LODGE CLOSE is 66m² according to the EPC inspection conducted in January 2024. This puts it in the smallest 10% of detached houses houses in Welton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Welton, and where 3 LODGE CLOSE lies on this distribution: 6% of detached houses houses are smaller than 3 LODGE CLOSE, and 94% of houses are larger. Note that EPC data is not available for all properties in Welton.

3 LODGE CLOSE: Plot and Title Map

3 LODGE CLOSE sits on a plot of roughly 0.114 of an acre, or 461m². The below map shows the location of 3 LODGE CLOSE, 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 LODGE CLOSE). 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 LODGE CLOSE?

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