INK POT COTTAGE, HAGWORTHINGHAM, SPILSBY, PE23 4LU - £198,000

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.

INK POT COTTAGE is a very small detached house of 49m², built sometime before 1900, which could now be worth an estimated £256,587. It was last sold for £198,000 in May 2019, which was around 10% below the average May 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2018, where the current energy rating was F, and the potential energy rating was B.

INK POT COTTAGE Sold Prices

Land registry data shows two sales for INK POT 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 INK POT 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
2019 16 MAY	£198,000	£219,835	10% below HPI
1997 7 MAR	£28,000	£56,355	50% below HPI

INK POT 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 INK POT COTTAGE sales from March 1997 and May 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 March 1997 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the May 2019 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might INK POT COTTAGE be worth now?

INK POT COTTAGE might now be worth an estimated £256,587.

This is based on house price inflation of 29.6%, between May 2019 and March 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 29.6% inflationary increase is applied to the most recent sale price for INK POT COTTAGE of £198,000 on 16th May 2019. For the value to have increased from £198,000 to £256,587 over the six years and two months to March 2025, the following assumptions must hold true:

• The value of INK POT COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2019 sale price of £198,000 represented a fair market value for the property.
• The size, condition, and specification of INK POT COTTAGE has not materially changed since May 2019.

How Large is INK POT COTTAGE?

INK POT COTTAGE is 49m² according to the EPC inspection conducted in October 2018. This puts it in the smallest 10% of detached houses houses in Hagworthingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hagworthingham, and where INK POT COTTAGE lies on this distribution: Less than 1% of detached houses houses are smaller than INK POT COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Hagworthingham.

INK POT COTTAGE: Plot and Title Map

INK POT COTTAGE sits on a plot of roughly 0.119 of an acre, or 483m². The below map shows the location of INK POT 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 INK POT 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 INK POT COTTAGE?

INK POT COTTAGE is located in HAGWORTHINGHAM, in the PE23 postcode district. The below map shows the position of INK POT COTTAGE in HAGWORTHINGHAM.