5, RIDGE CLOSE, WELTON, LINCOLN, LN2 3UB - £238,500

5 RIDGE CLOSE is a large extended detached house of 131m², built sometime between 1996 and 2002. It was last sold for £238,500 in November 2005, which was around 35% above the average November 2005 detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2023, where the current energy rating was D, and the potential energy rating was B.

5 RIDGE CLOSE Sold Prices

Land registry data shows two sales for 5 RIDGE CLOSE 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 5 RIDGE 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
2005 3 NOV	£238,500	£177,307	35% above HPI
1998 1 SEP	£116,950	£71,242	64% above HPI

5 RIDGE 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 two 5 RIDGE CLOSE sales from September 1998 and November 2005 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 September 1998 sale was for 64% above the HPI. So the extrapolation line tracks at 64% above the HPI over time, until the November 2005 sale, where it falls to 35% above the HPI. The line then continues to track at 35% above the HPI.

How Large is 5 RIDGE CLOSE?

5 RIDGE CLOSE is 131m², which includes one extension, according to the EPC inspection conducted in September 2023. This puts it in the largest 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 5 RIDGE CLOSE lies on this distribution: 67% of detached houses are smaller than 5 RIDGE CLOSE, and 33% of houses are larger. Note that EPC data is not available for all properties in Welton.

5 RIDGE CLOSE: Plot and Title Map

5 RIDGE CLOSE sits on a plot of roughly 0.142 of an acre, or 576m². The below map shows the location of 5 RIDGE 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 5 RIDGE 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 5 RIDGE CLOSE?

5 RIDGE CLOSE is located in WELTON, in the LN2 postcode district. The below map shows the position of No. 5 on RIDGE CLOSE.