PENDLE, WELTON ROAD, NETTLEHAM, LINCOLN, LN2 2PZ - £390,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

PENDLE is a large extended semi-detached house of 138m², built sometime between 1930 and 1949, which could now be worth an estimated £440,245. It was last sold for £390,000 in June 2021, which was around 136% above the average June 2021 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2018, where the current energy rating was E, and the potential energy rating was B.

PENDLE Sold Prices

Land registry data shows two sales for PENDLE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two PENDLE 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
2021 29 JUN	£390,000	£165,377	136% above HPI
2019 11 JAN	£235,000	£140,155	68% above HPI

PENDLE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two PENDLE sales from January 2019 and June 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 January 2019 sale was for 68% above the HPI. So the extrapolation line tracks at 68% above the HPI over time, until the June 2021 sale, where it rises to 136% above the HPI. The line then continues to track at 136% above the HPI.

What might PENDLE be worth now?

PENDLE might now be worth an estimated £440,245.

This is based on house price inflation of 12.9%, between June 2021 and February 2025, for semi-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 12.9% inflationary increase is applied to the most recent sale price for PENDLE of £390,000 on 29th June 2021. For the value to have increased from £390,000 to £440,245 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of PENDLE has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The June 2021 sale price of £390,000 represented a fair market value for the property.
• The size, condition, and specification of PENDLE has not materially changed since June 2021.

How Large is PENDLE?

PENDLE is 138m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the largest 40% of semi-detached houses houses in Nettleham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Nettleham, and where PENDLE lies on this distribution: 67% of semi-detached houses houses are smaller than PENDLE, and 33% of houses are larger. Note that EPC data is not available for all properties in Nettleham.

PENDLE: Plot and Title Map

PENDLE sits on a plot of roughly 0.311 of an acre, or 1,257m². The below map shows the location of PENDLE, 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 PENDLE). 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 PENDLE?

PENDLE is located on WELTON ROAD in NETTLEHAM, in the LN2 postcode district. The below map shows the position of PENDLE on WELTON ROAD.