DIAMOND COTTAGE, CHURCH END, NORTH SOMERCOTES, LOUTH, LN11 7PZ - £240,000

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

DIAMOND COTTAGE is a midsized detached house of 96m², built sometime between 1983 and 1990. It was last sold for £240,000 in August 2013, which was around 45% above the average August 2013 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

DIAMOND COTTAGE Sold Prices

Land registry data shows three sales for DIAMOND COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Two of the three DIAMOND COTTAGE sales were for above the average price, whilst one was 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
2013 30 AUG	£240,000	£165,486	45% above HPI
2005 1 JUL	£80,000	£167,827	52% below HPI
2003 9 JAN	£160,000	£118,614	35% above HPI

DIAMOND 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 three DIAMOND COTTAGE sales between January 2003 and August 2013 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 2005 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the August 2013 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is DIAMOND COTTAGE?

DIAMOND COTTAGE is 96m² according to the EPC inspection conducted in May 2013. This puts it in the smallest 50% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where DIAMOND COTTAGE lies on this distribution: 44% of detached houses are smaller than DIAMOND COTTAGE, and 55% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

DIAMOND COTTAGE: Plot and Title Map

DIAMOND COTTAGE sits on a plot of roughly 2.1 acres, or 8,298m². The below map shows the location of DIAMOND 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 DIAMOND 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 DIAMOND COTTAGE?

DIAMOND COTTAGE is located on CHURCH END in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of DIAMOND COTTAGE on CHURCH END.