31, WELBOURNES LANE, LONG BENNINGTON, NEWARK, NG23 5DP - £220,000

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.

31 WELBOURNES LANE is a very small semi-detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £224,719. It was last sold for £220,000 in July 2022, which was around 5% below the average July 2022 semi-detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2022, where the current energy rating was D, and the potential energy rating was B.

31 WELBOURNES LANE Sold Prices

Land registry data shows four sales for 31 WELBOURNES LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the South Kesteven local authority area for the corresponding sale date. All of the four 31 WELBOURNES LANE 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
2022 4 JUL	£220,000	£231,296	5% below HPI
2021 4 JUN	£178,000	£205,048	13% below HPI
2007 5 JAN	£145,000	£146,850	1% below HPI
2002 20 MAY	£31,000	£81,294	62% below HPI

31 WELBOURNES LANE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Kesteven local authority area over time, sourced from the HPI. The four 31 WELBOURNES LANE sales between May 2002 and July 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 June 2021 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the July 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 31 WELBOURNES LANE be worth now?

31 WELBOURNES LANE might now be worth an estimated £224,719.

This is based on house price inflation of 2.1%, between July 2022 and February 2025, for semi-detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.1% inflationary increase is applied to the most recent sale price for 31 WELBOURNES LANE of £220,000 on 4th July 2022. For the value to have increased from £220,000 to £224,719 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of 31 WELBOURNES LANE has moved in line with the HPI for semi-detached houses in the South Kesteven local authority area.
• The July 2022 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of 31 WELBOURNES LANE has not materially changed since July 2022.

How Large is 31 WELBOURNES LANE?

31 WELBOURNES LANE is 82m² according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of semi-detached houses houses in Long Bennington, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Long Bennington, and where 31 WELBOURNES LANE lies on this distribution: 5% of semi-detached houses houses are smaller than 31 WELBOURNES LANE, and 94% of houses are larger. Note that EPC data is not available for all properties in Long Bennington.

31 WELBOURNES LANE: Plot and Title Map

31 WELBOURNES LANE sits on a plot of roughly 0.100 of an acre, or 406m². The below map shows the location of 31 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 31 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 31 WELBOURNES LANE?

31 WELBOURNES LANE is located in LONG BENNINGTON, in the NG23 postcode district. The below map shows the position of No. 31 on WELBOURNES LANE.