GADNEY COTTAGE, CHURCH END, NORTH SOMERCOTES, LOUTH, LN11 7PZ - £126,500

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

GADNEY COTTAGE is a very small detached house of 67m², built sometime between 1991 and 1995. It was last sold for £126,500 in April 2004, which was around 17% below the average April 2004 detached price in the East Lindsey local authority area. The most recent EPC inspection was July 2022, where the current energy rating was E, and the potential energy rating was C.

GADNEY COTTAGE Sold Prices

Land registry data shows three sales for GADNEY 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. All of the three GADNEY COTTAGE sales were 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
2004 2 APR	£126,500	£151,848	17% below HPI
2002 1 MAY	£75,000	£98,349	24% below HPI
1998 12 JUN	£53,000	£62,599	15% below HPI

GADNEY 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 GADNEY COTTAGE sales between June 1998 and April 2004 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 2002 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the April 2004 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is GADNEY COTTAGE?

GADNEY COTTAGE is 67m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 10% 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 GADNEY COTTAGE lies on this distribution: 7% of detached houses are smaller than GADNEY COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

GADNEY COTTAGE: Plot and Title Map

GADNEY COTTAGE sits on a plot of roughly 0.130 of an acre, or 526m². The below map shows the location of GADNEY 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 GADNEY 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 GADNEY COTTAGE?

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