1, THE COTTAGE, GAINSBOROUGH ROAD, MIDDLE RASEN, MARKET RASEN, LN8 3JU - £155,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 THE COTTAGE is a very small semi-detached house of 78m², built sometime between 1930 and 1949, which could now be worth an estimated £171,794. It was last sold for £155,000 in June 2021, which was around 6% below the average June 2021 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

1 THE COTTAGE Sold Prices

Land registry data shows two sales for 1 THE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. Both of the two 1 THE 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
2021 18 JUN	£155,000	£165,377	6% below HPI
2019 3 MAY	£140,000	£141,429	1% below HPI

1 THE COTTAGE 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 two 1 THE COTTAGE sales from May 2019 and June 2021 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 2019 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the June 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might 1 THE COTTAGE be worth now?

1 THE COTTAGE might now be worth an estimated £171,794.

This is based on house price inflation of 10.8%, between June 2021 and December 2024, 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 10.8% inflationary increase is applied to the most recent sale price for 1 THE COTTAGE of £155,000 on 18th June 2021. For the value to have increased from £155,000 to £171,794 over the two years and six months to December 2024, the following assumptions must hold true:

• The value of 1 THE COTTAGE has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The June 2021 sale price of £155,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE COTTAGE has not materially changed since June 2021.

How Large is 1 THE COTTAGE?

1 THE COTTAGE is 78m² according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of semi-detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Middle Rasen, and where 1 THE COTTAGE lies on this distribution: 12% of semi-detached houses houses are smaller than 1 THE COTTAGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

1 THE COTTAGE: Plot and Title Map

1 THE COTTAGE sits on a plot of roughly 0.118 of an acre, or 477m². The below map shows the location of 1 THE 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 1 THE 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 1 THE COTTAGE?

1 THE COTTAGE is located on GAINSBOROUGH ROAD in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of 1 THE COTTAGE on GAINSBOROUGH ROAD.