8, RIDGE CLOSE, WELTON, LINCOLN, LN2 3UB - £275,000

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 RIDGE CLOSE is a large detached house of 130m², built sometime between 1996 and 2002. It was last sold for £275,000 in October 2014, which was around 50% above the average October 2014 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2014, where the current energy rating was C, and the potential energy rating was B.

8 RIDGE CLOSE Sold Prices

Land registry data shows four sales for 8 RIDGE CLOSE 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 RIDGE 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
2014 8 OCT	£275,000	£183,545	50% above HPI
2002 22 APR	£157,000	£98,178	60% above HPI
2000 31 MAR	£120,000	£73,529	63% above HPI
1998 31 JUL	£116,950	£69,742	68% above HPI

8 RIDGE 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 four 8 RIDGE CLOSE sales between July 1998 and October 2014 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 2002 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the October 2014 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

How Large is 8 RIDGE CLOSE?

8 RIDGE CLOSE is 130m² according to the EPC inspection conducted in May 2014. 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 RIDGE CLOSE lies on this distribution: 66% of detached houses are smaller than 8 RIDGE CLOSE, and 34% of houses are larger. Note that EPC data is not available for all properties in Welton.

8 RIDGE CLOSE: Plot and Title Map

8 RIDGE CLOSE sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 8 RIDGE 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 RIDGE 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 RIDGE CLOSE?

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