THE OLD WESLEYAN CHAPEL, HIGH STREET, BASSINGHAM, LINCOLN, LN5 9EY - £450,000

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.

THE OLD WESLEYAN CHAPEL is a very large detached house of 309m², which could now be worth an estimated £522,227. It was last sold for £450,000 in October 2020, which was around 72% above the average October 2020 detached price in the North Kesteven local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was D.

THE OLD WESLEYAN CHAPEL Sold Prices

Land registry data shows three sales for THE OLD WESLEYAN CHAPEL since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. Two of the three THE OLD WESLEYAN CHAPEL sales were for above the average price, whilst one was 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
2020 12 OCT	£450,000	£260,877	72% above HPI
2018 8 JUN	£450,000	£245,891	83% above HPI
2015 7 MAY	£185,000	£198,842	7% below HPI

THE OLD WESLEYAN CHAPEL Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The three THE OLD WESLEYAN CHAPEL sales between May 2015 and October 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 June 2018 sale was for 83% above the HPI. So the extrapolation line tracks at 83% above the HPI over time, until the October 2020 sale, where it falls to 72% above the HPI. The line then continues to track at 72% above the HPI.

What might THE OLD WESLEYAN CHAPEL be worth now?

THE OLD WESLEYAN CHAPEL might now be worth an estimated £522,227.

This is based on house price inflation of 16.1%, between October 2020 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.1% inflationary increase is applied to the most recent sale price for THE OLD WESLEYAN CHAPEL of £450,000 on 12th October 2020. For the value to have increased from £450,000 to £522,227 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of THE OLD WESLEYAN CHAPEL has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The October 2020 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD WESLEYAN CHAPEL has not materially changed since October 2020.

How Large is THE OLD WESLEYAN CHAPEL?

THE OLD WESLEYAN CHAPEL is 309m² according to the EPC inspection conducted in February 2016. This puts it in the largest 10% of detached houses houses in Bassingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bassingham, and where THE OLD WESLEYAN CHAPEL lies on this distribution: 98% of detached houses houses are smaller than THE OLD WESLEYAN CHAPEL, and 2% of houses are larger. Note that EPC data is not available for all properties in Bassingham.

THE OLD WESLEYAN CHAPEL: Plot and Title Map

THE OLD WESLEYAN CHAPEL sits on a plot of roughly 0.120 of an acre, or 486m². The below map shows the location of THE OLD WESLEYAN CHAPEL, 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 THE OLD WESLEYAN CHAPEL). 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 THE OLD WESLEYAN CHAPEL?

THE OLD WESLEYAN CHAPEL is located on HIGH STREET in BASSINGHAM, in the LN5 postcode district. The below map shows the position of THE OLD WESLEYAN CHAPEL on HIGH STREET.