KEYWEST COTTAGE, KING STREET, MARKET RASEN, LN8 3BB - £132,000

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

KEYWEST COTTAGE is a very small extended detached house of 67m², built sometime between 1900 and 1929. It was last sold for £132,000 in February 2020, which was around 42% below the average February 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2015, where the current energy rating was E, and the potential energy rating was B.

KEYWEST COTTAGE Sold Prices

Land registry data shows two sales for KEYWEST 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 West Lindsey local authority area for the corresponding sale date. Both of the two KEYWEST 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
2020 12 FEB	£132,000	£226,032	42% below HPI
2017 9 FEB	£93,865	£203,399	54% below HPI

KEYWEST 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 two KEYWEST COTTAGE sales from February 2017 and February 2020 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 February 2017 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the February 2020 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is KEYWEST COTTAGE?

KEYWEST COTTAGE is 67m², which includes three extensions, according to the EPC inspection conducted in May 2015. This puts it in the smallest 10% of detached houses in Market Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Market Rasen, and where KEYWEST COTTAGE lies on this distribution: 7% of detached houses are smaller than KEYWEST COTTAGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Market Rasen.

KEYWEST COTTAGE: Plot and Title Map

KEYWEST COTTAGE sits on a plot of roughly 0.046 of an acre, or 185m². The below map shows the location of KEYWEST 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 KEYWEST 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 KEYWEST COTTAGE?

KEYWEST COTTAGE is located on KING STREET in MARKET RASEN, in the LN8 postcode district. The below map shows the position of KEYWEST COTTAGE on KING STREET.