14, HALFPENNY CLOSE, WELTON, LINCOLN, LN2 3FH - £110,000

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.

14 HALFPENNY CLOSE is a very small extended terraced house of 61m², built sometime between 1996 and 2002, which could now be worth an estimated £165,503. It was last sold for £110,000 in November 2009, which was around 21% above the average November 2009 terraced price in the West Lindsey local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was B.

14 HALFPENNY CLOSE Sold Prices

Land registry data shows two sales for 14 HALFPENNY CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the West Lindsey local authority area for the corresponding sale date. Both of the two 14 HALFPENNY 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
2009 11 NOV	£110,000	£90,836	21% above HPI
2002 26 APR	£60,000	£44,818	34% above HPI

14 HALFPENNY CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the West Lindsey local authority area over time, sourced from the HPI. The two 14 HALFPENNY CLOSE sales from April 2002 and November 2009 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 34% above the HPI. So the extrapolation line tracks at 34% above the HPI over time, until the November 2009 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might 14 HALFPENNY CLOSE be worth now?

14 HALFPENNY CLOSE might now be worth an estimated £165,503.

This is based on house price inflation of 50.5%, between November 2009 and June 2025, for terraced 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 50.5% inflationary increase is applied to the most recent sale price for 14 HALFPENNY CLOSE of £110,000 on 11th November 2009. For the value to have increased from £110,000 to £165,503 over the sixteen years and five months to June 2025, the following assumptions must hold true:

• The value of 14 HALFPENNY CLOSE has moved in line with the HPI for terraced houses in the West Lindsey local authority area.
• The November 2009 sale price of £110,000 represented a fair market value for the property.
• The size, condition, and specification of 14 HALFPENNY CLOSE has not materially changed since November 2009.

How Large is 14 HALFPENNY CLOSE?

14 HALFPENNY CLOSE is 61m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the smallest 10% of terraced houses houses in Welton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Welton, and where 14 HALFPENNY CLOSE lies on this distribution: 2% of terraced houses houses are smaller than 14 HALFPENNY CLOSE, and 97% of houses are larger. Note that EPC data is not available for all properties in Welton.

14 HALFPENNY CLOSE: Plot and Title Map

14 HALFPENNY CLOSE sits on a plot of roughly 0.024 of an acre, or 98m². The below map shows the location of 14 HALFPENNY 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 14 HALFPENNY 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 14 HALFPENNY CLOSE?

14 HALFPENNY CLOSE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 14 on HALFPENNY CLOSE.