8, POND CLOSE, WELTON, LINCOLN, LN2 3UE - £340,000

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 POND CLOSE is a large extended detached house of 144m², built sometime between 1996 and 2002. It was last sold for £340,000 in June 2020, which was around 50% above the average June 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was C.

8 POND CLOSE Sold Prices

Land registry data shows three sales for 8 POND CLOSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. All of the three 8 POND 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
2020 17 JUN	£340,000	£226,149	50% above HPI
2013 20 SEP	£247,500	£180,348	37% above HPI
1997 5 DEC	£107,950	£67,151	61% above HPI

8 POND 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 three 8 POND CLOSE sales between December 1997 and June 2020 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 September 2013 sale was for 37% above the HPI. So the extrapolation line tracks at 37% above the HPI over time, until the June 2020 sale, where it rises to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is 8 POND CLOSE?

8 POND CLOSE is 144m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the largest 30% 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 POND CLOSE lies on this distribution: 77% of detached houses are smaller than 8 POND CLOSE, and 23% of houses are larger. Note that EPC data is not available for all properties in Welton.

8 POND CLOSE: Plot and Title Map

8 POND CLOSE sits on a plot of roughly 0.111 of an acre, or 448m². The below map shows the location of 8 POND 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 POND 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 POND CLOSE?

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