7, PREBEND LANE, WELTON, LINCOLN, LN2 3JR - £370,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

7 PREBEND LANE is a very large extended detached house of 174m², built sometime between 1967 and 1975, which could now be worth an estimated £367,444. It was last sold for £370,000 in August 2022, which was around 26% above the average August 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2014, where the current energy rating was C, and the potential energy rating was B.

7 PREBEND LANE Sold Prices

Land registry data shows four sales for 7 PREBEND LANE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the four 7 PREBEND 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 10 AUG	£370,000	£293,139	26% above HPI
2010 23 APR	£201,950	£179,575	12% above HPI
2001 20 FEB	£88,000	£82,433	7% above HPI
1999 26 JAN	£79,950	£68,245	17% above HPI

7 PREBEND 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 four 7 PREBEND LANE sales between January 1999 and August 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 April 2010 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the August 2022 sale, where it rises to 26% above the HPI. The line then continues to track at 26% above the HPI.

What might 7 PREBEND LANE be worth now?

7 PREBEND LANE might now be worth an estimated £367,444.

This is based on house price deflation of 0.7%, between August 2022 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.7% deflationary decrease is applied to the most recent sale price for 7 PREBEND LANE of £370,000 on 10th August 2022. For the value to have decreased from £370,000 to £367,444 over the three years and six months to February 2025, the following assumptions must hold true:

• The value of 7 PREBEND LANE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2022 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of 7 PREBEND LANE has not materially changed since August 2022.

How Large is 7 PREBEND LANE?

7 PREBEND LANE is 174m², which includes three extensions, according to the EPC inspection conducted in November 2014. This puts it in the largest 10% of detached houses houses in Welton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Welton, and where 7 PREBEND LANE lies on this distribution: 91% of detached houses houses are smaller than 7 PREBEND LANE, and 9% of houses are larger. Note that EPC data is not available for all properties in Welton.

7 PREBEND LANE: Plot and Title Map

7 PREBEND LANE sits on a plot of roughly 0.150 of an acre, or 606m². The below map shows the location of 7 PREBEND 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 PREBEND 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 PREBEND LANE?

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