BEECH COTTAGE, GAINSBOROUGH ROAD, MIDDLE RASEN, MARKET RASEN, LN8 3JS - £305,000

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.

BEECH COTTAGE is a large detached house of 148m², built sometime between 2003 and 2006, which could now be worth an estimated £346,533. It was last sold for £305,000 in September 2021, which was around 19% above the average September 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2021, where the current energy rating was C, and the potential energy rating was B.

BEECH COTTAGE Sold Prices

Land registry data shows two sales for BEECH 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 BEECH 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 24 SEP	£305,000	£256,223	19% above HPI
2004 23 JUL	£185,000	£174,194	6% above HPI

BEECH 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 BEECH COTTAGE sales from July 2004 and September 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 July 2004 sale was for 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the September 2021 sale, where it rises to 19% above the HPI. The line then continues to track at 19% above the HPI.

What might BEECH COTTAGE be worth now?

BEECH COTTAGE might now be worth an estimated £346,533.

This is based on house price inflation of 13.6%, between September 2021 and February 2025, for 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 13.6% inflationary increase is applied to the most recent sale price for BEECH COTTAGE of £305,000 on 24th September 2021. For the value to have increased from £305,000 to £346,533 over the four years and seven months to February 2025, the following assumptions must hold true:

• The value of BEECH COTTAGE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The September 2021 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of BEECH COTTAGE has not materially changed since September 2021.

How Large is BEECH COTTAGE?

BEECH COTTAGE is 148m² according to the EPC inspection conducted in May 2021. This puts it in the largest 20% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where BEECH COTTAGE lies on this distribution: 80% of detached houses houses are smaller than BEECH COTTAGE, and 20% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

BEECH COTTAGE: Plot and Title Map

BEECH COTTAGE sits on a plot of roughly 0.089 of an acre, or 362m². The below map shows the location of BEECH 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 BEECH 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 BEECH COTTAGE?

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