ESTATE YARD COTTAGE, ARCHER STREET, BISHOP NORTON, MARKET RASEN, LN8 2BG - £345,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

ESTATE YARD COTTAGE is a small detached house of 128m², built sometime before 1900, which could now be worth an estimated £334,303. It was last sold for £345,000 in December 2022, which was around 17% above the average December 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was August 2017, where the current energy rating was F, and the potential energy rating was C.

ESTATE YARD COTTAGE Sold Prices

Land registry data shows two sales for ESTATE YARD 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 ESTATE YARD 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
2022 8 DEC	£345,000	£294,036	17% above HPI
2018 29 JUN	£243,000	£224,902	8% above HPI

ESTATE YARD 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 ESTATE YARD COTTAGE sales from June 2018 and December 2022 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 June 2018 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the December 2022 sale, where it rises to 17% above the HPI. The line then continues to track at 17% above the HPI.

What might ESTATE YARD COTTAGE be worth now?

ESTATE YARD COTTAGE might now be worth an estimated £334,303.

This is based on house price deflation of 3.1%, between December 2022 and December 2024, 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 3.1% deflationary decrease is applied to the most recent sale price for ESTATE YARD COTTAGE of £345,000 on 8th December 2022. For the value to have decreased from £345,000 to £334,303 over the two years to December 2024, the following assumptions must hold true:

• The value of ESTATE YARD COTTAGE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The December 2022 sale price of £345,000 represented a fair market value for the property.
• The size, condition, and specification of ESTATE YARD COTTAGE has not materially changed since December 2022.

How Large is ESTATE YARD COTTAGE?

ESTATE YARD COTTAGE is 128m² according to the EPC inspection conducted in August 2017. This puts it in the smallest 30% of detached houses houses in Bishop Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bishop Norton, and where ESTATE YARD COTTAGE lies on this distribution: 23% of detached houses houses are smaller than ESTATE YARD COTTAGE, and 77% of houses are larger. Note that EPC data is not available for all properties in Bishop Norton.

ESTATE YARD COTTAGE: Plot and Title Map

ESTATE YARD COTTAGE sits on a plot of roughly 0.101 of an acre, or 409m². The below map shows the location of ESTATE YARD 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 ESTATE YARD 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 ESTATE YARD COTTAGE?

ESTATE YARD COTTAGE is located on ARCHER STREET in BISHOP NORTON, in the LN8 postcode district. The below map shows the position of ESTATE YARD COTTAGE on ARCHER STREET.