5, CHAPTER CLOSE, WELTON, LINCOLN, LN2 3FS - £282,500

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

5 CHAPTER CLOSE is a very large extended detached house of 186m², built sometime between 1996 and 2002. It was last sold for £282,500 in July 2009, which was around 58% above the average July 2009 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2009, where the current energy rating was D, and the potential energy rating was C.

5 CHAPTER CLOSE Sold Prices

Land registry data shows two sales for 5 CHAPTER 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 5 CHAPTER 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
2009 14 JUL	£282,500	£178,357	58% above HPI
2001 26 FEB	£179,950	£81,251	121% above HPI

5 CHAPTER 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 5 CHAPTER CLOSE sales from February 2001 and July 2009 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 2001 sale was for 121% above the HPI. So the extrapolation line tracks at 121% above the HPI over time, until the July 2009 sale, where it falls to 58% above the HPI. The line then continues to track at 58% above the HPI.

How Large is 5 CHAPTER CLOSE?

5 CHAPTER CLOSE is 186m², which includes one extension, according to the EPC inspection conducted in March 2009. 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 5 CHAPTER CLOSE lies on this distribution: 93% of detached houses are smaller than 5 CHAPTER CLOSE, and 7% of houses are larger. Note that EPC data is not available for all properties in Welton.

5 CHAPTER CLOSE: Plot and Title Map

5 CHAPTER CLOSE sits on a plot of roughly 0.140 of an acre, or 567m². The below map shows the location of 5 CHAPTER 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 5 CHAPTER 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 5 CHAPTER CLOSE?

5 CHAPTER CLOSE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 5 on CHAPTER CLOSE.