8, KINGS WAY, WELTON, LINCOLN, LN2 3FQ - £225,000

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

8 KINGS WAY is a large extended detached house of 127m², built sometime between 1996 and 2002. It was last sold for £225,000 in August 2013, which was around 30% above the average August 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

8 KINGS WAY Sold Prices

Land registry data shows four sales for 8 KINGS WAY 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 8 KINGS WAY 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 23 AUG	£225,000	£173,299	30% above HPI
2011 6 JUN	£224,000	£177,495	26% above HPI
2005 18 MAR	£232,000	£168,187	38% above HPI
2000 6 OCT	£119,950	£80,222	50% above HPI

8 KINGS WAY 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 8 KINGS WAY sales between October 2000 and August 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 June 2011 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the August 2013 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is 8 KINGS WAY?

8 KINGS WAY is 127m², which includes one extension, according to the EPC inspection conducted in May 2013. 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 8 KINGS WAY lies on this distribution: 64% of detached houses are smaller than 8 KINGS WAY, and 35% of houses are larger. Note that EPC data is not available for all properties in Welton.

8 KINGS WAY: Plot and Title Map

8 KINGS WAY sits on a plot of roughly 0.086 of an acre, or 349m². The below map shows the location of 8 KINGS WAY, 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 KINGS WAY). 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 KINGS WAY?

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