BARN COTTAGE, SOUTH STREET, NORTH KELSEY, MARKET RASEN, LN7 6ET - £650,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

BARN COTTAGE is a very large extended detached house of 258m², built sometime between 1976 and 1982. It was last sold for £650,000 in June 2021, which was around 151% above the average June 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2012, where the current energy rating was E, and the potential energy rating was C.

BARN COTTAGE Sold Prices

Land registry data shows two sales for BARN COTTAGE 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 BARN COTTAGE 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
2021 25 JUN	£650,000	£258,781	151% above HPI
2013 19 AUG	£315,000	£173,299	82% above HPI

BARN 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 two BARN COTTAGE sales from August 2013 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 August 2013 sale was for 82% above the HPI. So the extrapolation line tracks at 82% above the HPI over time, until the June 2021 sale, where it rises to 151% above the HPI. The line then continues to track at 151% above the HPI.

How Large is BARN COTTAGE?

BARN COTTAGE is 258m², which includes three extensions, according to the EPC inspection conducted in April 2012. This puts it in the largest 10% of detached houses in North Kelsey, based on EPC data. The below chart shows the distribution of detached houses by size in North Kelsey, and where BARN COTTAGE lies on this distribution: 94% of detached houses are smaller than BARN COTTAGE, and 6% of houses are larger. Note that EPC data is not available for all properties in North Kelsey.

BARN COTTAGE: Plot and Title Map

BARN COTTAGE sits on a plot of roughly 0.249 of an acre, or 1,008m². The below map shows the location of BARN 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 BARN 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 BARN COTTAGE?

BARN COTTAGE is located on SOUTH STREET in NORTH KELSEY, in the LN7 postcode district. The below map shows the position of BARN COTTAGE on SOUTH STREET.