BAY COTTAGE, MILL LANE, GRIMOLDBY, LOUTH, LN11 8TB - £375,000

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

BAY COTTAGE is a very large detached house of 199m². It was last sold for £375,000 in November 2017, which was around 81% above the average November 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2009, where the current energy rating was D, and the potential energy rating was D.

BAY COTTAGE Sold Prices

Land registry data shows four sales for BAY COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four BAY 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
2017 23 NOV	£375,000	£207,429	81% above HPI
2011 26 JAN	£318,000	£162,116	96% above HPI
2006 16 JAN	£320,000	£167,223	91% above HPI
2003 11 JUN	£249,950	£133,913	87% above HPI

BAY COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The four BAY COTTAGE sales between June 2003 and November 2017 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 January 2011 sale was for 96% above the HPI. So the extrapolation line tracks at 96% above the HPI over time, until the November 2017 sale, where it falls to 81% above the HPI. The line then continues to track at 81% above the HPI.

How Large is BAY COTTAGE?

BAY COTTAGE is 199m² according to the EPC inspection conducted in October 2009. This puts it in the largest 10% of detached houses in Grimoldby, based on EPC data. The below chart shows the distribution of detached houses by size in Grimoldby, and where BAY COTTAGE lies on this distribution: 91% of detached houses are smaller than BAY COTTAGE, and 9% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

BAY COTTAGE: Plot and Title Map

BAY COTTAGE sits on a plot of roughly 0.614 of an acre, or 2,484m². The below map shows the location of BAY 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 BAY 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 BAY COTTAGE?

BAY COTTAGE is located on MILL LANE in GRIMOLDBY, in the LN11 postcode district. The below map shows the position of BAY COTTAGE on MILL LANE.