7, EASTFIELD LANE, WELTON, LINCOLN, LN2 3NA - £620,000

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

7 EASTFIELD LANE is a very large extended detached house of 236m², built sometime between 1967 and 1975. It was last sold for £620,000 in September 2022, which was around 118% above the average September 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2022, where the current energy rating was C, and the potential energy rating was C.

7 EASTFIELD LANE Sold Prices

Land registry data shows two sales for 7 EASTFIELD LANE 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 EASTFIELD LANE 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
2022 7 SEP	£620,000	£284,219	118% above HPI
2011 1 JUL	£400,000	£177,213	126% above HPI

7 EASTFIELD LANE 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 EASTFIELD LANE sales from July 2011 and September 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 July 2011 sale was for 126% above the HPI. So the extrapolation line tracks at 126% above the HPI over time, until the September 2022 sale, where it falls to 118% above the HPI. The line then continues to track at 118% above the HPI.

How Large is 7 EASTFIELD LANE?

7 EASTFIELD LANE is 236m², which includes two extensions, according to the EPC inspection conducted in March 2022. 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 7 EASTFIELD LANE lies on this distribution: 98% of detached houses are smaller than 7 EASTFIELD LANE, and 2% of houses are larger. Note that EPC data is not available for all properties in Welton.

7 EASTFIELD LANE: Plot and Title Map

7 EASTFIELD LANE sits on a plot of roughly 0.276 of an acre, or 1,115m². The below map shows the location of 7 EASTFIELD LANE, 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 EASTFIELD LANE). 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 EASTFIELD LANE?

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