3, ORCHARD CLOSE, WELTON, LINCOLN, LN2 3RU - £142,000

3 ORCHARD CLOSE is a very small detached house of 69m², built sometime between 1967 and 1975. It was last sold for £142,000 in October 2013, which was around 20% below the average October 2013 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was D.

3 ORCHARD CLOSE Sold Prices

Land registry data shows three sales for 3 ORCHARD 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. All of the three 3 ORCHARD CLOSE 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
2013 18 OCT	£142,000	£178,420	20% below HPI
2001 8 FEB	£60,000	£81,251	26% below HPI
1998 20 NOV	£53,500	£67,211	20% below HPI

3 ORCHARD 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 3 ORCHARD CLOSE sales between November 1998 and October 2013 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 February 2001 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the October 2013 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is 3 ORCHARD CLOSE?

3 ORCHARD CLOSE is 69m² according to the EPC inspection conducted in July 2011. 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 3 ORCHARD CLOSE lies on this distribution: 8% of detached houses are smaller than 3 ORCHARD CLOSE, and 92% of houses are larger. Note that EPC data is not available for all properties in Welton.

3 ORCHARD CLOSE: Plot and Title Map

3 ORCHARD CLOSE sits on a plot of roughly 0.084 of an acre, or 340m². The below map shows the location of 3 ORCHARD 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 3 ORCHARD 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 3 ORCHARD CLOSE?

3 ORCHARD CLOSE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 3 on ORCHARD CLOSE.