Housing Market Analysis for WELFEN LANE, NG23 5AL

Are you looking to understand NG23 5AL house prices? Here, we provide a detailed analysis of the latest sold house prices, trends over the years, and key statistics to help you gauge the real estate landscape in this South Kesteven postcode.

For the location information and nearby amenities in the NG23 5AL area, explore the NG23 5AL Area information page.
For comprehensive crime statistics in the NG23 5AL area, explore the NG23 5AL Crime Rates page.

Overview of Sold House prices

As per the latest sold houses in the NG23 5AL postcode area, The average prices are as follows,

Detached
- The average price is around £201,263 median price is £168,995 Standard Deviation is £110,672 with Total Sold: 11
- The Last 5 Year average price is £370,000 with Total Sold: 2
- The most recent sale happened at this postcode is ALBECYN HOUSE, 1 WELFEN LANE: £325,000 (Sold on 01 Dec 2022)
- The first recorded sale happened at this postcode is 7 WELFEN LANE: £74,000 (Sold on 10 Dec 1999)
Semi-Detached
- The average price is around £111,962 median price is £129,375 Standard Deviation is £53,824 with Total Sold: 8
- The Last 5 Year average price is £140,000 with Total Sold: 1
- The most recent sale happened at this postcode is 18 WELFEN LANE: £140,000 (Sold on 18 Jan 2019)
- The first recorded sale happened at this postcode is 18 WELFEN LANE: £30,225 (Sold on 15 Oct 2001)

Sold Price Trend Over the Years:

Below table and chart gives the average NG23 5AL house prices and number of sold houses over the years. This helps understand the price trend over the years in this postcode.

Please note that this data is populated based on the sold houses data given by the Land Registry.

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2022	£325,000		1
2021	£415,000	£2,196	1
2018	£130,000	£688	1
2016	£355,000		1
2013	£201,750	£1,550	2
2010	£111,000	£1,800	1
2009	£161,400		1
2008	£168,995	£1,522	1
2005	£70,000	£631	1
1999	£74,000	£667	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2019	£140,000	£1,217	1
2014	£174,000	£1,568	1
2007	£101,875	£1,188	2
2006	£158,750	£1,348	2
2002	£30,225		1
2001	£30,225	£263	1

All the Sales in the WELFEN LANE, NG23 5AL

See the table below for more details on the sold house prices in the NG23 5AL, South Kesteven postcode.

Address	Sold Date	Price	% Change
ALBECYN HOUSE, 1 WELFEN LANEDetached, Freehold	01 Dec 2022	£325,000	First Sale
ROWLAND COTTAGE, 11 WELFEN LANEDetached, FreeholdArea: 189 Sq.mtr	07 Jan 2021	£415,000	219.23%
	10 May 2018	£130,000	First Sale
18 WELFEN LANESemi-Detached, FreeholdArea: 115 Sq.mtrAge: 1950-1966	18 Jan 2019	£140,000	-9.68%
	14 Dec 2006	£155,000	412.82%
	15 Oct 2001	£30,225	First Sale
GREENGATES HOUSE, 15 WELFEN LANEDetached, Freehold	01 Feb 2016	£355,000	First Sale
7 WELFEN LANESemi-Detached, FreeholdArea: 111 Sq.mtrAge: 1983-1990	09 Sep 2014	£174,000	2.96%
	28 May 2008	£168,995	141.42%
	05 Jul 2005	£70,000	-5.41%
	10 Dec 1999	£74,000	First Sale
13 WELFEN LANEDetached, FreeholdArea: 143.24 Sq.mtrAge: 1996-2002	27 Nov 2013	£222,000	First Sale
ORCHARD CROFT, 3 WELFEN LANEDetached, Freehold	29 Jan 2013	£181,500	12.45%
ORCHARD CROFT, 3 WELFEN LANEDetached, Freehold	03 Jun 2009	£161,400	First Sale
11 WELFEN LANEDetached, FreeholdArea: 61.68 Sq.mtrAge: before 1900	19 Nov 2010	£111,000	First Sale
4 WELFEN LANESemi-Detached, FreeholdArea: 100 Sq.mtrAge: 1930-1949	16 Nov 2007	£118,750	First Sale
9A WELFEN LANESemi-Detached, Freehold	10 Aug 2007	£85,000	First Sale
FEN COTTAGE, 5 WELFEN LANESemi-Detached, Freehold	19 May 2006	£162,500	First Sale
20 WELFEN LANESemi-Detached, Freehold	25 Feb 2002	£30,225	First Sale

Check out the sold house prices near the NG23 5AL postcode. Properties currently for saleProperties currently for rent

WELFEN LANE, NG23 5AL Near By properties

Interactive Map

This Interactive map can help you visualize the nearby sold house in the NG23 5AL postcode area

Nearby Sold House Price Statstics

Knowing the nearby sold house in the area helps gauge the property market in the area. Below data gives house price Statstics of the surrounding area of the NG23 5AL postcode.

Detached
- The average price is around £200,752 median price is £188,000 Standard Deviation is £118,096 with Total Sold: 523
- The Last 5 Year average price is £348,055 with Total Sold: 71
- The most recent sale happened at this postcode is , 20 SWALLOW DRIVE: £425,000 (Sold on 25 Jul 2024)
- The first recorded sale happened at this postcode is , 7 BARNBY LANE: £70,000 (Sold on 03 Jan 1995)
Other
- The average price is around £268,333 median price is £320,000 Standard Deviation is £83,898 with Total Sold: 3
- The Last 5 Year average price is £242,500 with Total Sold: 2
- The most recent sale happened at this postcode is , 1B REDTHORN WAY: £335,000 (Sold on 26 Jun 2024)
- The first recorded sale happened at this postcode is , 2 BARNBY LANE: £320,000 (Sold on 16 Jun 2017)
Flat
- The average price is around £111,609 median price is £125,000 Standard Deviation is £43,487 with Total Sold: 23
- The Last 5 Year average price is £149,000 with Total Sold: 6
- The most recent sale happened at this postcode is , 16 PEACOCKS LAUNDE: £137,000 (Sold on 06 Mar 2024)
- The first recorded sale happened at this postcode is , 16 PEACOCKS LAUNDE: £50,000 (Sold on 25 Jul 2008)
Terraced
- The average price is around £117,880 median price is £119,950 Standard Deviation is £50,089 with Total Sold: 110
- The Last 5 Year average price is £170,073 with Total Sold: 13
- The most recent sale happened at this postcode is , 19 MOORE CLOSE: £170,000 (Sold on 24 Nov 2023)
- The first recorded sale happened at this postcode is , 19 MOORE CLOSE: £39,995 (Sold on 12 May 1995)
Semi-Detached
- The average price is around £121,329 median price is £123,250 Standard Deviation is £63,838 with Total Sold: 144
- The Last 5 Year average price is £208,750 with Total Sold: 16
- The most recent sale happened at this postcode is , 4 BACK LANE: £195,000 (Sold on 16 Feb 2023)
- The first recorded sale happened at this postcode is , 85 MAIN STREET: £89,500 (Sold on 31 May 1995)

Sold Price Trend Over the Years:

House Type: Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£351,000	£3,108	7
2023	£362,250	£2,844	12
2022	£398,000	£2,911	7
2021	£405,471	£2,411	21
2020	£288,250	£2,315	16
2019	£249,375	£2,442	8
2018	£315,458	£1,907	12
2017	£254,000	£1,959	11
2016	£244,082	£1,903	11
2015	£250,539	£2,112	19
2014	£233,265	£1,763	20
2013	£207,550	£1,660	14
2012	£203,000	£1,549	11
2011	£256,769	£1,607	13
2010	£192,050	£1,768	19
2009	£191,925	£1,410	8
2008	£258,142	£1,746	7
2007	£222,426	£1,692	21
2006	£241,010	£1,712	20
2005	£227,370	£1,711	20
2004	£218,156	£1,639	41
2003	£167,100	£1,283	23
2002	£167,464	£1,258	32
2001	£114,122	£900	23
2000	£95,916	£758	32
1999	£99,983	£761	41
1998	£80,110	£850	20
1997	£83,267	£702	9
1996	£67,288	£606	12
1995	£75,844	£695	13

House Type: Other

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£335,000		1
2019	£150,000	£1,562	1
2017	£320,000	£941	1

House Type: Flat

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2024	£163,500	£2,283	2
2023	£145,000	£2,685	1
2022	£136,000	£2,034	2
2021	£150,000	£2,459	1
2018	£144,333	£2,066	3
2017	£175,000		1
2015	£103,000	£1,689	1
2014	£95,000	£1,759	1
2013	£118,667		3
2011	£65,000	£986	1
2010	£82,000	£1,049	3
2008	£50,000	£880	4

House Type: Terraced

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£195,000	£2,652	2
2022	£165,000	£2,794	1
2021	£210,500	£2,274	3
2020	£143,600	£2,351	5
2019	£153,225	£2,305	2
2018	£131,333	£2,011	3
2017	£131,000	£1,970	2
2016	£126,090	£1,961	5
2015	£132,806	£1,829	9
2014	£188,490	£2,112	5
2013	£133,500	£1,693	6
2012	£113,084	£1,664	6
2011	£122,500	£1,747	2
2010	£136,500	£1,782	3
2009	£108,250	£1,503	2
2008	£128,300	£1,739	5
2007	£127,475	£2,163	2
2006	£115,912	£1,699	5
2005	£126,725	£1,888	2
2004	£115,617	£1,812	9
2003	£113,982	£1,527	11
2002	£87,475	£1,302	2
2001	£61,500	£750	3
2000	£35,500	£764	3
1999	£49,790	£636	5
1998	£37,000	£638	2
1997	£43,750	£694	2
1996	£20,500	£288	2
1995	£39,995	£714	1

House Type: Semi-Detached

Year	Avg. Price	Avg. Price/Sq. mtr	Sold
2023	£195,000	£2,826	1
2021	£213,333	£2,134	6
2020	£225,500	£2,309	6
2019	£170,667	£1,547	3
2018	£181,667	£1,897	3
2017	£195,000		1
2016	£153,500	£2,204	2
2015	£132,500	£1,968	4
2014	£177,795	£1,643	10
2013	£144,625	£1,385	4
2012	£114,150	£1,646	5
2011	£125,000	£1,582	1
2010	£155,000	£1,637	2
2009	£140,550	£1,787	5
2008	£137,556	£1,973	9
2007	£144,027	£1,648	9
2006	£142,835	£1,616	6
2005	£140,500	£1,758	2
2004	£170,238	£1,021	4
2003	£105,057	£1,425	7
2002	£83,371	£824	6
2001	£64,970	£688	11
2000	£60,058	£627	6
1999	£64,142	£726	6
1998	£59,857	£661	14
1997	£37,000	£696	1
1996	£55,893	£681	7
1995	£58,167	£499	3

House Type in NG23 5AL area

The most common house types in the NG23 5AL postcode area are Detached (105), Semi-detached (57), and Terraced (37).

Total	199
Detached	105
Semi-detached	57
Terraced	37
Flat	0
Shared house	0
converted building	0
commercial building	0
temporary structure	0

Tenure of household

As per the tenure of household, most of the the properties are Owned: Owns outright (85), and Owned: Owns with a mortgage or loan (72).

Owned: Owns outright	85
Owned: Owns with a mortgage or loan	72
Social rented: Rents from council or Local Authority	26
Private rented: Private landlord or letting agency	12
Private rented: Other private rented	4
Does not apply	0
Shared ownership: Shared ownership	0
Social rented: Other social rented	0
Lives rent free	0

Number of People in a Household

The most houses in the NG23 5AL have 2 people in household (80), and 1 person in household (47).

2 people in household	80
1 person in household	47
3 people in household	42
4 people in household	25
5 people in household	7
6 people in household	2
0 people in household	0
7 people in household	0
8 or more people in household	0