LABURNAM COTTAGE, MAIN ROAD, KEAL COTES, SPILSBY, PE23 4AQ - £212,000

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.

LABURNAM COTTAGE is a small extended detached house of 103m², built sometime before 1900, which could now be worth an estimated £274,002. It was last sold for £212,000 in May 2020, which was around 4% below the average May 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was A.

LABURNAM COTTAGE Sold Prices

Land registry data shows three sales for LABURNAM 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 LABURNAM 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 29 MAY	£212,000	£221,478	4% below HPI
2011 9 FEB	£130,000	£161,500	20% below HPI
1997 19 DEC	£45,000	£62,358	28% below HPI

LABURNAM 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 LABURNAM COTTAGE sales between December 1997 and May 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 2011 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2020 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might LABURNAM COTTAGE be worth now?

LABURNAM COTTAGE might now be worth an estimated £274,002.

This is based on house price inflation of 29.2%, between May 2020 and February 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 29.2% inflationary increase is applied to the most recent sale price for LABURNAM COTTAGE of £212,000 on 29th May 2020. For the value to have increased from £212,000 to £274,002 over the five years and three months to February 2025, the following assumptions must hold true:

• The value of LABURNAM COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The May 2020 sale price of £212,000 represented a fair market value for the property.
• The size, condition, and specification of LABURNAM COTTAGE has not materially changed since May 2020.

How Large is LABURNAM COTTAGE?

LABURNAM COTTAGE is 103m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 40% of detached houses houses in Keal Cotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Keal Cotes, and where LABURNAM COTTAGE lies on this distribution: 33% of detached houses houses are smaller than LABURNAM COTTAGE, and 67% of houses are larger. Note that EPC data is not available for all properties in Keal Cotes.

LABURNAM COTTAGE: Plot and Title Map

LABURNAM COTTAGE sits on a plot of roughly 0.350 of an acre, or 1,415m². The below map shows the location of LABURNAM 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 LABURNAM 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 LABURNAM COTTAGE?

LABURNAM COTTAGE is located on MAIN ROAD in KEAL COTES, in the PE23 postcode district. The below map shows the position of LABURNAM COTTAGE on MAIN ROAD.