2, THE GROVE, WELTON, LINCOLN, LN2 3LX - £230,000

2 THE GROVE is a very small detached house of 77m², built sometime between 1967 and 1975. It was last sold for £230,000 in January 2022, which was around 17% below the average January 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2021, where the current energy rating was D, and the potential energy rating was B.

2 THE GROVE Sold Prices

Land registry data shows three sales for 2 THE GROVE 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. All of the three 2 THE GROVE 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
2022 10 JAN	£230,000	£275,481	17% below HPI
2011 14 OCT	£167,000	£178,275	6% below HPI
1998 3 NOV	£54,000	£67,211	20% below HPI

2 THE GROVE 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 2 THE GROVE sales between November 1998 and January 2022 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 October 2011 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the January 2022 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 2 THE GROVE?

2 THE GROVE is 77m² according to the EPC inspection conducted in November 2021. This puts it in the smallest 20% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 2 THE GROVE lies on this distribution: 12% of detached houses are smaller than 2 THE GROVE, and 88% of houses are larger. Note that EPC data is not available for all properties in Welton.

2 THE GROVE: Plot and Title Map

2 THE GROVE sits on a plot of roughly 0.096 of an acre, or 389m². The below map shows the location of 2 THE GROVE, 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 2 THE GROVE). 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 2 THE GROVE?

2 THE GROVE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 2 on THE GROVE.