7, FIELD CLOSE, WELTON, LINCOLN, LN2 3TT - £86,000

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 FIELD CLOSE is a large extended detached house of 127m², built sometime between 1991 and 1995. It was last sold for £86,000 in July 2001, which was around 2% above the average July 2001 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2014, where the current energy rating was C, and the potential energy rating was B.

7 FIELD CLOSE Sold Prices

Land registry data shows two sales for 7 FIELD CLOSE 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 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
2001 20 JUL	£86,000	£84,676	2% above HPI
1997 11 APR	£72,950	£65,543	11% above HPI

7 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 two 7 FIELD CLOSE sales from April 1997 and July 2001 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 April 1997 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the July 2001 sale, where it falls to 2% above the HPI. The line then continues to track at 2% above the HPI.

How Large is 7 FIELD CLOSE?

7 FIELD CLOSE is 127m², which includes one extension, according to the EPC inspection conducted in September 2014. 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 7 FIELD CLOSE lies on this distribution: 64% of detached houses are smaller than 7 FIELD CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Welton.

7 FIELD CLOSE: Plot and Title Map

7 FIELD CLOSE sits on a plot of roughly 0.115 of an acre, or 466m². The below map shows the location of 7 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 7 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 7 FIELD CLOSE?

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