HOPE COTTAGE, SOUTH ROAD, TETFORD, HORNCASTLE, LN9 6QB - £230,000

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

HOPE COTTAGE is a midsized extended detached house of 131m², built sometime before 1900. It was last sold for £230,000 in March 2005, which was around 41% above the average March 2005 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2009, where the current energy rating was E, and the potential energy rating was E.

HOPE COTTAGE Sold Prices

Land registry data shows two sales for HOPE 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 East Lindsey local authority area for the corresponding sale date. Both of the two HOPE 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
2005 1 MAR	£230,000	£163,038	41% above HPI
1997 14 MAY	£67,000	£59,416	13% above HPI

HOPE 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 two HOPE COTTAGE sales from May 1997 and March 2005 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 1997 sale was for 13% above the HPI. So the extrapolation line tracks at 13% above the HPI over time, until the March 2005 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is HOPE COTTAGE?

HOPE COTTAGE is 131m², which includes one extension, according to the EPC inspection conducted in March 2009. This puts it in the smallest 50% of detached houses in Tetford, based on EPC data. The below chart shows the distribution of detached houses by size in Tetford, and where HOPE COTTAGE lies on this distribution: 48% of detached houses are smaller than HOPE COTTAGE, and 52% of houses are larger. Note that EPC data is not available for all properties in Tetford.

HOPE COTTAGE: Plot and Title Map

HOPE COTTAGE sits on a plot of roughly 0.160 of an acre, or 647m². The below map shows the location of HOPE 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 HOPE 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 HOPE COTTAGE?

HOPE COTTAGE is located on SOUTH ROAD in TETFORD, in the LN9 postcode district. The below map shows the position of HOPE COTTAGE on SOUTH ROAD.