3, THE SPINNEYS, WELTON, LINCOLN, LN2 3TU - £260,000

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 THE SPINNEYS is a very large detached house of 198m², built sometime between 1983 and 1990. It was last sold for £260,000 in February 2018, which was around 20% above the average February 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2016, where the current energy rating was D, and the potential energy rating was C.

3 THE SPINNEYS Sold Prices

Land registry data shows two sales for 3 THE SPINNEYS 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 THE SPINNEYS 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
2018 2 FEB	£260,000	£216,492	20% above HPI
2002 7 JUN	£138,000	£99,295	39% above HPI

3 THE SPINNEYS 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 THE SPINNEYS sales from June 2002 and February 2018 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 June 2002 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the February 2018 sale, where it falls to 20% above the HPI. The line then continues to track at 20% above the HPI.

How Large is 3 THE SPINNEYS?

3 THE SPINNEYS is 198m² according to the EPC inspection conducted in July 2016. This puts it in the largest 10% 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 THE SPINNEYS lies on this distribution: 94% of detached houses are smaller than 3 THE SPINNEYS, and 6% of houses are larger. Note that EPC data is not available for all properties in Welton.

3 THE SPINNEYS: Plot and Title Map

3 THE SPINNEYS sits on a plot of roughly 0.097 of an acre, or 392m². The below map shows the location of 3 THE SPINNEYS, 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 THE SPINNEYS). 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 THE SPINNEYS?

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