8, FIELD CLOSE, WELTON, LINCOLN, LN2 3TT - £235,000

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

8 FIELD CLOSE is a large detached house of 128m², built sometime between 1996 and 2002, which could now be worth an estimated £375,175. It was last sold for £235,000 in June 2013, which was around 32% above the average June 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2011, where the current energy rating was C, and the potential energy rating was C.

8 FIELD CLOSE Sold Prices

Land registry data shows two sales for 8 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 8 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
2013 21 JUN	£235,000	£178,466	32% above HPI
1998 7 AUG	£79,250	£72,479	9% above HPI

8 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 8 FIELD CLOSE sales from August 1998 and June 2013 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 1998 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the June 2013 sale, where it rises to 32% above the HPI. The line then continues to track at 32% above the HPI.

What might 8 FIELD CLOSE be worth now?

8 FIELD CLOSE might now be worth an estimated £375,175.

This is based on house price inflation of 59.6%, between June 2013 and December 2024, 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 59.6% inflationary increase is applied to the most recent sale price for 8 FIELD CLOSE of £235,000 on 21st June 2013. For the value to have increased from £235,000 to £375,175 over the ten years and six months to December 2024, the following assumptions must hold true:

• The value of 8 FIELD CLOSE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The June 2013 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 8 FIELD CLOSE has not materially changed since June 2013.

How Large is 8 FIELD CLOSE?

8 FIELD CLOSE is 128m² according to the EPC inspection conducted in January 2011. This puts it in the largest 40% 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 FIELD CLOSE lies on this distribution: 65% of detached houses houses are smaller than 8 FIELD CLOSE, and 35% of houses are larger. Note that EPC data is not available for all properties in Welton.

8 FIELD CLOSE: Plot and Title Map

8 FIELD CLOSE sits on a plot of roughly 0.120 of an acre, or 487m². The below map shows the location of 8 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 8 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 8 FIELD CLOSE?

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