SOUTHWOLD COTTAGE, OLD GALLAMORE LANE, MIDDLE RASEN, MARKET RASEN, LN8 3US - £210,000

SOUTHWOLD COTTAGE is a small extended detached house of 90m², built sometime between 1967 and 1975. It was last sold for £210,000 in October 2019, which was around 9% below the average October 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

SOUTHWOLD COTTAGE Sold Prices

Land registry data shows three sales for SOUTHWOLD COTTAGE 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 SOUTHWOLD COTTAGE 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
2019 23 OCT	£210,000	£231,362	9% below HPI
2010 24 MAY	£155,500	£181,452	14% below HPI
1995 19 OCT	£44,000	£59,109	26% below HPI

SOUTHWOLD COTTAGE 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 SOUTHWOLD COTTAGE sales between October 1995 and October 2019 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 May 2010 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the October 2019 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

How Large is SOUTHWOLD COTTAGE?

SOUTHWOLD COTTAGE is 90m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% of detached houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Middle Rasen, and where SOUTHWOLD COTTAGE lies on this distribution: 28% of detached houses are smaller than SOUTHWOLD COTTAGE, and 70% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

SOUTHWOLD COTTAGE: Plot and Title Map

SOUTHWOLD COTTAGE sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of SOUTHWOLD COTTAGE, 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 SOUTHWOLD COTTAGE). 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 SOUTHWOLD COTTAGE?

SOUTHWOLD COTTAGE is located on OLD GALLAMORE LANE in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of SOUTHWOLD COTTAGE on OLD GALLAMORE LANE.