7, BISHOPS PLACE, WELTON, LINCOLN, LN2 3FR - £355,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

7 BISHOPS PLACE is a very large detached house of 167m², built sometime between 1996 and 2002. It was last sold for £355,000 in September 2015, which was around 79% above the average September 2015 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2015, where the current energy rating was B, and the potential energy rating was B.

7 BISHOPS PLACE Sold Prices

Land registry data shows two sales for 7 BISHOPS PLACE 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 7 BISHOPS PLACE 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
2015 29 SEP	£355,000	£198,433	79% above HPI
2000 21 DEC	£152,950	£80,028	91% above HPI

7 BISHOPS PLACE 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 7 BISHOPS PLACE sales from December 2000 and September 2015 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 2000 sale was for 91% above the HPI. So the extrapolation line tracks at 91% above the HPI over time, until the September 2015 sale, where it falls to 79% above the HPI. The line then continues to track at 79% above the HPI.

How Large is 7 BISHOPS PLACE?

7 BISHOPS PLACE is 167m² according to the EPC inspection conducted in July 2015. This puts it in the largest 20% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 7 BISHOPS PLACE lies on this distribution: 89% of detached houses are smaller than 7 BISHOPS PLACE, and 11% of houses are larger. Note that EPC data is not available for all properties in Welton.

7 BISHOPS PLACE: Plot and Title Map

7 BISHOPS PLACE sits on a plot of roughly 0.147 of an acre, or 596m². The below map shows the location of 7 BISHOPS PLACE, 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 7 BISHOPS PLACE). 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 7 BISHOPS PLACE?

7 BISHOPS PLACE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 7 on BISHOPS PLACE.