4, PREBEND LANE, WELTON, LINCOLN, LN2 3JU - £189,950

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

4 PREBEND LANE is a small extended detached house of 97m², built sometime between 1967 and 1975. It was last sold for £189,950 in April 2017, which was around 10% below the average April 2017 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was B.

4 PREBEND LANE Sold Prices

Land registry data shows five sales for 4 PREBEND LANE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the five 4 PREBEND 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
2017 20 APR	£189,950	£211,935	10% below HPI
2009 21 DEC	£166,500	£177,240	6% below HPI
2008 1 OCT	£164,000	£186,887	12% below HPI
2002 28 MAR	£94,000	£98,976	5% below HPI
1998 20 NOV	£55,000	£67,211	18% below HPI

4 PREBEND LANE 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 five 4 PREBEND LANE sales between November 1998 and April 2017 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 December 2009 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the April 2017 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 4 PREBEND LANE?

4 PREBEND LANE is 97m², which includes three extensions, according to the EPC inspection conducted in April 2023. This puts it in the smallest 30% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 4 PREBEND LANE lies on this distribution: 29% of detached houses are smaller than 4 PREBEND LANE, and 70% of houses are larger. Note that EPC data is not available for all properties in Welton.

4 PREBEND LANE: Plot and Title Map

4 PREBEND LANE sits on a plot of roughly 0.075 of an acre, or 305m². The below map shows the location of 4 PREBEND 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 4 PREBEND 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 4 PREBEND LANE?

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