8, BISHOPS PLACE, WELTON, LINCOLN, LN2 3FR - £368,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

8 BISHOPS PLACE is a very large extended detached house of 190m², built sometime between 1996 and 2002, which could now be worth an estimated £541,887. It was last sold for £368,000 in February 2016, which was around 86% above the average February 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was C.

8 BISHOPS PLACE Sold Prices

Land registry data shows two sales for 8 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. One of the two 8 BISHOPS PLACE sales was for above the average price, whilst the other was for below 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
2016 19 FEB	£368,000	£197,698	86% above HPI
2001 10 AUG	£58,950	£84,604	30% below HPI

8 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 8 BISHOPS PLACE sales from August 2001 and February 2016 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 August 2001 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2016 sale, where it rises to 86% above the HPI. The line then continues to track at 86% above the HPI.

What might 8 BISHOPS PLACE be worth now?

8 BISHOPS PLACE might now be worth an estimated £541,887.

This is based on house price inflation of 47.3%, between February 2016 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 47.3% inflationary increase is applied to the most recent sale price for 8 BISHOPS PLACE of £368,000 on 19th February 2016. For the value to have increased from £368,000 to £541,887 over the nine years to February 2025, the following assumptions must hold true:

• The value of 8 BISHOPS PLACE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The February 2016 sale price of £368,000 represented a fair market value for the property.
• The size, condition, and specification of 8 BISHOPS PLACE has not materially changed since February 2016.

How Large is 8 BISHOPS PLACE?

8 BISHOPS PLACE is 190m², which includes three extensions, according to the EPC inspection conducted in September 2015. 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 8 BISHOPS PLACE lies on this distribution: 93% of detached houses houses are smaller than 8 BISHOPS PLACE, and 6% of houses are larger. Note that EPC data is not available for all properties in Welton.

8 BISHOPS PLACE: Plot and Title Map

8 BISHOPS PLACE sits on a plot of roughly 0.129 of an acre, or 521m². The below map shows the location of 8 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 8 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 8 BISHOPS PLACE?

8 BISHOPS PLACE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 8 on BISHOPS PLACE.