1, LODGE CLOSE, WELTON, LINCOLN, LN2 3TW - £110,000

1 LODGE CLOSE is a very small detached house of 64m², built sometime between 1991 and 1995. It was last sold for £110,000 in February 2010, which was around 39% below the average February 2010 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2019, where the current energy rating was D, and the potential energy rating was B.

1 LODGE CLOSE Sold Prices

Land registry data shows three sales for 1 LODGE 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. Two of the three 1 LODGE CLOSE sales were for below the average price, whilst one was 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
2010 16 FEB	£110,000	£179,383	39% below HPI
2002 28 NOV	£118,000	£112,564	5% above HPI
1997 16 SEP	£55,000	£69,496	21% below HPI

1 LODGE 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 1 LODGE CLOSE sales between September 1997 and February 2010 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 November 2002 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the February 2010 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is 1 LODGE CLOSE?

1 LODGE CLOSE is 64m² according to the EPC inspection conducted in November 2019. This puts it in the smallest 10% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 1 LODGE CLOSE lies on this distribution: 5% of detached houses are smaller than 1 LODGE CLOSE, and 95% of houses are larger. Note that EPC data is not available for all properties in Welton.

1 LODGE CLOSE: Plot and Title Map

1 LODGE CLOSE sits on a plot of roughly 0.094 of an acre, or 381m². The below map shows the location of 1 LODGE 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 1 LODGE 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 1 LODGE CLOSE?

1 LODGE CLOSE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 1 on LODGE CLOSE.