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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

BAY COTTAGE is a very large detached house of 199m², which could now be worth an estimated £510,069. It was last sold for £375,000 in November 2017, which was around 78% 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	£210,451	78% above HPI
2011 26 JAN	£318,000	£164,478	93% above HPI
2006 16 JAN	£320,000	£169,660	89% above HPI
2003 11 JUN	£249,950	£135,864	84% 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 93% above the HPI. So the extrapolation line tracks at 93% above the HPI over time, until the November 2017 sale, where it falls to 78% above the HPI. The line then continues to track at 78% above the HPI.

What might BAY COTTAGE be worth now?

BAY COTTAGE might now be worth an estimated £510,069.

This is based on house price inflation of 36%, between November 2017 and February 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36% inflationary increase is applied to the most recent sale price for BAY COTTAGE of £375,000 on 23rd November 2017. For the value to have increased from £375,000 to £510,069 over the eight years and nine months to February 2025, the following assumptions must hold true:

• The value of BAY COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The November 2017 sale price of £375,000 represented a fair market value for the property.
• The size, condition, and specification of BAY COTTAGE has not materially changed since November 2017.

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 houses in Grimoldby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Grimoldby, and where BAY COTTAGE lies on this distribution: 91% of detached houses 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.