6, FIELD CLOSE, WELTON, LINCOLN, LN2 3TT - £320,000

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

6 FIELD CLOSE is a midsized extended detached house of 124m², built sometime between 1991 and 1995. It was last sold for £320,000 in August 2021, which was around 25% above the average August 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2019, where the current energy rating was C, and the potential energy rating was B.

6 FIELD CLOSE Sold Prices

Land registry data shows three sales for 6 FIELD CLOSE 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 6 FIELD 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
2021 6 AUG	£320,000	£255,587	25% above HPI
2005 6 MAY	£170,000	£167,322	2% above HPI
1998 23 OCT	£75,450	£70,150	8% above HPI

6 FIELD 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 three 6 FIELD CLOSE sales between October 1998 and August 2021 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 May 2005 sale was for 2% above the HPI. So the extrapolation line tracks at 2% above the HPI over time, until the August 2021 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is 6 FIELD CLOSE?

6 FIELD CLOSE is 124m², which includes two extensions, according to the EPC inspection conducted in November 2019. This puts it in the largest 40% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 6 FIELD CLOSE lies on this distribution: 60% of detached houses are smaller than 6 FIELD CLOSE, and 40% of houses are larger. Note that EPC data is not available for all properties in Welton.

6 FIELD CLOSE: Plot and Title Map

6 FIELD CLOSE sits on a plot of roughly 0.079 of an acre, or 321m². The below map shows the location of 6 FIELD 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 6 FIELD 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 6 FIELD CLOSE?

6 FIELD CLOSE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 6 on FIELD CLOSE.