8, WESTFIELD APPROACH, NORTH GREETWELL, LINCOLN, LN2 4RQ - £198,500

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 WESTFIELD APPROACH is a very small extended detached house of 69m², built sometime between 1967 and 1975. It was last sold for £198,500 in August 2021, which was around 22% below the average August 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2020, where the current energy rating was D, and the potential energy rating was B.

8 WESTFIELD APPROACH Sold Prices

Land registry data shows four sales for 8 WESTFIELD APPROACH 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 WESTFIELD APPROACH sales were 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
2021 26 AUG	£198,500	£255,587	22% below HPI
2016 8 AUG	£167,000	£202,460	18% below HPI
2015 4 JUN	£167,500	£188,193	11% below HPI
2007 26 JUN	£152,500	£185,874	18% below HPI

8 WESTFIELD APPROACH 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 WESTFIELD APPROACH sales between June 2007 and August 2021 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 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the August 2021 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is 8 WESTFIELD APPROACH?

8 WESTFIELD APPROACH is 69m², which includes one extension, according to the EPC inspection conducted in November 2020. This puts it in the smallest 10% of detached houses in North Greetwell, based on EPC data. The below chart shows the distribution of detached houses by size in North Greetwell, and where 8 WESTFIELD APPROACH lies on this distribution: 6% of detached houses are smaller than 8 WESTFIELD APPROACH, and 93% of houses are larger. Note that EPC data is not available for all properties in North Greetwell.

8 WESTFIELD APPROACH: Plot and Title Map

8 WESTFIELD APPROACH sits on a plot of roughly 0.083 of an acre, or 335m². The below map shows the location of 8 WESTFIELD APPROACH, 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 WESTFIELD APPROACH). 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 WESTFIELD APPROACH?

8 WESTFIELD APPROACH is located in NORTH GREETWELL, in the LN2 postcode district. The below map shows the position of No. 8 on WESTFIELD APPROACH.