42, THE SPINNEYS, WELTON, LINCOLN, LN2 3TU - £57,500

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.

42 THE SPINNEYS is a very small semi-detached house of 65m², built sometime between 1983 and 1990, which could now be worth an estimated £94,180. It was last sold for £57,500 in December 2009, which was around 50% below the average December 2009 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2009, where the current energy rating was D, and the potential energy rating was C.

42 THE SPINNEYS Sold Prices

Land registry data shows four sales for 42 THE SPINNEYS since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. Most of the four 42 THE SPINNEYS 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
2009 22 DEC	£57,500	£113,976	50% below HPI
2007 23 APR	£57,500	£118,868	52% below HPI
2003 15 AUG	£44,000	£87,996	50% below HPI
1995 24 NOV	£36,000	£35,317	2% above HPI

42 THE SPINNEYS Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lindsey local authority area over time, sourced from the HPI. The four 42 THE SPINNEYS sales between November 1995 and December 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 2007 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the December 2009 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

What might 42 THE SPINNEYS be worth now?

42 THE SPINNEYS might now be worth an estimated £94,180.

This is based on house price inflation of 63.8%, between December 2009 and February 2025, for semi-detached 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 63.8% inflationary increase is applied to the most recent sale price for 42 THE SPINNEYS of £57,500 on 22nd December 2009. For the value to have increased from £57,500 to £94,180 over the sixteen years and ten months to February 2025, the following assumptions must hold true:

• The value of 42 THE SPINNEYS has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The December 2009 sale price of £57,500 represented a fair market value for the property.
• The size, condition, and specification of 42 THE SPINNEYS has not materially changed since December 2009.

How Large is 42 THE SPINNEYS?

42 THE SPINNEYS is 65m² according to the EPC inspection conducted in September 2009. This puts it in the smallest 10% of semi-detached houses houses in Welton, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Welton, and where 42 THE SPINNEYS lies on this distribution: 5% of semi-detached houses houses are smaller than 42 THE SPINNEYS, and 95% of houses are larger. Note that EPC data is not available for all properties in Welton.

42 THE SPINNEYS: Plot and Title Map

42 THE SPINNEYS sits on a plot of roughly 0.025 of an acre, or 100m². The below map shows the location of 42 THE SPINNEYS, 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 42 THE SPINNEYS). 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 42 THE SPINNEYS?

42 THE SPINNEYS is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 42 on THE SPINNEYS.