4, HALFPENNY CLOSE, WELTON, LINCOLN, LN2 3FH - £286,500

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.

4 HALFPENNY CLOSE is a very large extended detached house of 160m², built sometime between 1996 and 2002, which could now be worth an estimated £474,370. It was last sold for £286,500 in August 2013, which was around 63% above the average August 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

4 HALFPENNY CLOSE Sold Prices

Land registry data shows two sales for 4 HALFPENNY CLOSE 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 4 HALFPENNY CLOSE 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
2013 16 AUG	£286,500	£175,821	63% above HPI
2002 22 FEB	£159,950	£97,631	64% above HPI

4 HALFPENNY 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 two 4 HALFPENNY CLOSE sales from February 2002 and August 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 February 2002 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the August 2013 sale, where it falls to 63% above the HPI. The line then continues to track at 63% above the HPI.

What might 4 HALFPENNY CLOSE be worth now?

4 HALFPENNY CLOSE might now be worth an estimated £474,370.

This is based on house price inflation of 65.6%, between August 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 65.6% inflationary increase is applied to the most recent sale price for 4 HALFPENNY CLOSE of £286,500 on 16th August 2013. For the value to have increased from £286,500 to £474,370 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of 4 HALFPENNY CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2013 sale price of £286,500 represented a fair market value for the property.
• The size, condition, and specification of 4 HALFPENNY CLOSE has not materially changed since August 2013.

How Large is 4 HALFPENNY CLOSE?

4 HALFPENNY CLOSE is 160m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the largest 20% 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 4 HALFPENNY CLOSE lies on this distribution: 85% of detached houses houses are smaller than 4 HALFPENNY CLOSE, and 14% of houses are larger. Note that EPC data is not available for all properties in Welton.

4 HALFPENNY CLOSE: Plot and Title Map

4 HALFPENNY CLOSE sits on a plot of roughly 0.101 of an acre, or 408m². The below map shows the location of 4 HALFPENNY 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 4 HALFPENNY 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 4 HALFPENNY CLOSE?

4 HALFPENNY CLOSE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 4 on HALFPENNY CLOSE.