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

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.

DIAMOND COTTAGE is a midsized detached house of 96m², built sometime between 1983 and 1990, which could now be worth an estimated £409,182. It was last sold for £240,000 in August 2013, which was around 43% 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	£167,897	43% above HPI
2005 1 JUL	£80,000	£170,272	53% below HPI
2003 9 JAN	£160,000	£120,342	33% 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 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the August 2013 sale, where it rises to 43% above the HPI. The line then continues to track at 43% above the HPI.

What might DIAMOND COTTAGE be worth now?

DIAMOND COTTAGE might now be worth an estimated £409,182.

This is based on house price inflation of 70.5%, between August 2013 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 70.5% inflationary increase is applied to the most recent sale price for DIAMOND COTTAGE of £240,000 on 30th August 2013. For the value to have increased from £240,000 to £409,182 over the twelve years and six months to February 2025, the following assumptions must hold true:

• The value of DIAMOND COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The August 2013 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of DIAMOND COTTAGE has not materially changed since August 2013.

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 houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Somercotes, and where DIAMOND COTTAGE lies on this distribution: 43% of detached houses houses are smaller than DIAMOND COTTAGE, and 56% 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.