7, FARM VIEW, WELTON, LINCOLN, LN2 3FG - £285,000

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 FARM VIEW is a small detached house of 106m², built sometime between 1996 and 2002. It was last sold for £285,000 in March 2021, which was around 14% above the average March 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

7 FARM VIEW Sold Prices

Land registry data shows two sales for 7 FARM VIEW 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 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
2021 12 MAR	£285,000	£250,795	14% above HPI
2001 27 JUL	£111,950	£84,676	32% above HPI

7 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 two 7 FARM VIEW sales from July 2001 and March 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 July 2001 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the March 2021 sale, where it falls to 14% above the HPI. The line then continues to track at 14% above the HPI.

How Large is 7 FARM VIEW?

7 FARM VIEW is 106m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 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 7 FARM VIEW lies on this distribution: 38% of detached houses are smaller than 7 FARM VIEW, and 61% of houses are larger. Note that EPC data is not available for all properties in Welton.

7 FARM VIEW: Plot and Title Map

7 FARM VIEW sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 7 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 7 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 7 FARM VIEW?

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