5, FARM VIEW, WELTON, LINCOLN, LN2 3FG - £350,000

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.

5 FARM VIEW is a very large detached house of 164m², built sometime between 1996 and 2002, which could now be worth an estimated £432,536. It was last sold for £350,000 in August 2020, which was around 49% above the average August 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2020, where the current energy rating was C, and the potential energy rating was B.

5 FARM VIEW Sold Prices

Land registry data shows three sales for 5 FARM VIEW since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 5 FARM VIEW 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
2020 4 AUG	£350,000	£235,564	49% above HPI
2007 2 JAN	£232,000	£192,623	20% above HPI
2002 9 APR	£159,950	£99,607	61% above HPI

5 FARM VIEW 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 three 5 FARM VIEW sales between April 2002 and August 2020 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 January 2007 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the August 2020 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might 5 FARM VIEW be worth now?

5 FARM VIEW might now be worth an estimated £432,536.

This is based on house price inflation of 23.6%, between August 2020 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 23.6% inflationary increase is applied to the most recent sale price for 5 FARM VIEW of £350,000 on 4th August 2020. For the value to have increased from £350,000 to £432,536 over the five years and six months to February 2025, the following assumptions must hold true:

• The value of 5 FARM VIEW has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2020 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of 5 FARM VIEW has not materially changed since August 2020.

How Large is 5 FARM VIEW?

5 FARM VIEW is 164m² according to the EPC inspection conducted in March 2020. 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 5 FARM VIEW lies on this distribution: 87% of detached houses houses are smaller than 5 FARM VIEW, and 12% of houses are larger. Note that EPC data is not available for all properties in Welton.

5 FARM VIEW: Plot and Title Map

5 FARM VIEW sits on a plot of roughly 0.102 of an acre, or 413m². The below map shows the location of 5 FARM VIEW, 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 FARM VIEW). 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 FARM VIEW?

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