FIR TREE COTTAGE, SOUTH STREET, NORTH KELSEY, MARKET RASEN, LN7 6ET - £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.

FIR TREE COTTAGE is a midsized extended detached house of 125m², built sometime between 1900 and 1929, which could now be worth an estimated £313,849. It was last sold for £240,000 in February 2019, which was around 7% above the average February 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was November 2018, where the current energy rating was F, and the potential energy rating was C.

FIR TREE COTTAGE Sold Prices

Land registry data shows four sales for FIR TREE 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 West Lindsey local authority area for the corresponding sale date. All of the four FIR TREE 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
2019 26 FEB	£240,000	£224,951	7% above HPI
2001 4 MAY	£125,000	£82,971	51% above HPI
1998 1 OCT	£79,950	£71,171	12% above HPI
1997 29 AUG	£75,000	£67,943	10% above HPI

FIR TREE 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 four FIR TREE COTTAGE sales between August 1997 and February 2019 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 May 2001 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the February 2019 sale, where it falls to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might FIR TREE COTTAGE be worth now?

FIR TREE COTTAGE might now be worth an estimated £313,849.

This is based on house price inflation of 30.8%, between February 2019 and March 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 30.8% inflationary increase is applied to the most recent sale price for FIR TREE COTTAGE of £240,000 on 26th February 2019. For the value to have increased from £240,000 to £313,849 over the five years and eleven months to March 2025, the following assumptions must hold true:

• The value of FIR TREE COTTAGE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The February 2019 sale price of £240,000 represented a fair market value for the property.
• The size, condition, and specification of FIR TREE COTTAGE has not materially changed since February 2019.

How Large is FIR TREE COTTAGE?

FIR TREE COTTAGE is 125m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the largest 50% of detached houses houses in North Kelsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Kelsey, and where FIR TREE COTTAGE lies on this distribution: 50% of detached houses houses are smaller than FIR TREE COTTAGE, and 50% of houses are larger. Note that EPC data is not available for all properties in North Kelsey.

FIR TREE COTTAGE: Plot and Title Map

FIR TREE COTTAGE sits on a plot of roughly 0.246 of an acre, or 994m². The below map shows the location of FIR TREE 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 FIR TREE 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 FIR TREE COTTAGE?

FIR TREE COTTAGE is located on SOUTH STREET in NORTH KELSEY, in the LN7 postcode district. The below map shows the position of FIR TREE COTTAGE on SOUTH STREET.