IVY COTTAGE, BISHOP NORTON, MARKET RASEN, LN8 2BH - £310,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

IVY COTTAGE is a very small extended detached house of 113m², built sometime before 1900. It was last sold for £310,000 in June 2018, which was around 40% above the average June 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was January 2018, where the current energy rating was E, and the potential energy rating was C.

IVY COTTAGE Sold Prices

Land registry data shows three sales for IVY 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 West Lindsey local authority area for the corresponding sale date. All of the three IVY 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
2018 8 JUN	£310,000	£221,675	40% above HPI
2004 22 OCT	£225,000	£172,079	31% above HPI
1999 20 JAN	£85,000	£67,266	26% above HPI

IVY 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 three IVY COTTAGE sales between January 1999 and June 2018 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 October 2004 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the June 2018 sale, where it rises to 40% above the HPI. The line then continues to track at 40% above the HPI.

How Large is IVY COTTAGE?

IVY COTTAGE is 113m², which includes three extensions, according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% of detached houses in Bishop Norton, based on EPC data. The below chart shows the distribution of detached houses by size in Bishop Norton, and where IVY COTTAGE lies on this distribution: 6% of detached houses are smaller than IVY COTTAGE, and 94% of houses are larger. Note that EPC data is not available for all properties in Bishop Norton.

IVY COTTAGE: Plot and Title Map

IVY COTTAGE sits on a plot of roughly 234.5 acres, or 949,045m². The below map shows the location of IVY 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 IVY 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 IVY COTTAGE?

IVY COTTAGE is located in BISHOP NORTON, in the LN8 postcode district. The below map shows the position of IVY COTTAGE in BISHOP NORTON.