56, THE GREEN, WELBOURN, LINCOLN, LN5 0NJ - £364,500

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

56 THE GREEN is a very small extended detached house of 100m², built sometime between 1976 and 1982. It was last sold for £364,500 in November 2022, which was around 12% above the average November 2022 detached price in the North Kesteven local authority area. The most recent EPC inspection was June 2022, where the current energy rating was E, and the potential energy rating was B.

56 THE GREEN Sold Prices

Land registry data shows two sales for 56 THE GREEN since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. One of the two 56 THE GREEN sales was for above the average price, whilst the other was 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 15 NOV	£364,500	£324,773	12% above HPI
2011 26 OCT	£178,500	£181,253	2% below HPI

56 THE GREEN Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The two 56 THE GREEN sales from October 2011 and November 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 October 2011 sale was for 2% below the HPI. So the extrapolation line tracks at 2% below the HPI over time, until the November 2022 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is 56 THE GREEN?

56 THE GREEN is 100m², which includes two extensions, according to the EPC inspection conducted in June 2022. This puts it in the smallest 20% of detached houses in Welbourn, based on EPC data. The below chart shows the distribution of detached houses by size in Welbourn, and where 56 THE GREEN lies on this distribution: 14% of detached houses are smaller than 56 THE GREEN, and 86% of houses are larger. Note that EPC data is not available for all properties in Welbourn.

56 THE GREEN: Plot and Title Map

56 THE GREEN sits on a plot of roughly 0.105 of an acre, or 423m². The below map shows the location of 56 THE GREEN, 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 56 THE GREEN). 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 56 THE GREEN?

56 THE GREEN is located in WELBOURN, in the LN5 postcode district. The below map shows the position of No. 56 on THE GREEN.