29, REED LANE, WELTON, LINCOLN, LN2 3DU - £355,000

29 REED LANE is a small detached house of 107m², built in 2018. It was last sold for £355,000 in August 2022, which was around 22% above the average August 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2021, where the current energy rating was B, and the potential energy rating was A.

29 REED LANE Sold Prices

Land registry data shows two sales for 29 REED LANE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 29 REED LANE 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
2022 5 AUG	£355,000	£291,048	22% above HPI
2021 22 OCT	£325,995	£257,082	27% above HPI

29 REED LANE 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 two 29 REED LANE sales from October 2021 and August 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 2021 sale was for 27% above the HPI. So the extrapolation line tracks at 27% above the HPI over time, until the August 2022 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is 29 REED LANE?

29 REED LANE is 107m² according to the EPC inspection conducted in September 2021. This puts it in the smallest 40% of detached houses in Welton, based on EPC data. The below chart shows the distribution of detached houses by size in Welton, and where 29 REED LANE lies on this distribution: 40% of detached houses are smaller than 29 REED LANE, and 58% of houses are larger. Note that EPC data is not available for all properties in Welton.

29 REED LANE: Plot and Title Map

29 REED LANE sits on a plot of roughly 0.093 of an acre, or 376m². The below map shows the location of 29 REED LANE, 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 29 REED LANE). 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 29 REED LANE?

29 REED LANE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 29 on REED LANE.