LABURNUM COTTAGE, MIDDLEFIELD LANE, GLENTHAM, MARKET RASEN, LN8 2ET - £425,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

LABURNUM COTTAGE is a midsized detached house of 118m², built sometime before 1900. It was last sold for £425,000 in May 2023, which was around 57% above the average May 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was October 2021, where the current energy rating was F, and the potential energy rating was B.

LABURNUM COTTAGE Sold Prices

Land registry data shows two sales for LABURNUM 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 LABURNUM 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
2023 11 MAY	£425,000	£270,722	57% above HPI
2015 31 MAR	£200,000	£190,793	5% above HPI

LABURNUM 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 LABURNUM COTTAGE sales from March 2015 and May 2023 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 2015 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the May 2023 sale, where it rises to 57% above the HPI. The line then continues to track at 57% above the HPI.

What might LABURNUM COTTAGE be worth now?

LABURNUM COTTAGE might now be worth an estimated £447,288.

This is based on house price inflation of 5.2%, between May 2023 and December 2024, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.2% inflationary increase is applied to the most recent sale price for LABURNUM COTTAGE of £425,000 on 11th May 2023. For the value to have increased from £425,000 to £447,288 over the five months to December 2024, the following assumptions must hold true:

• The value of LABURNUM COTTAGE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2023 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of LABURNUM COTTAGE has not materially changed since May 2023.

How Large is LABURNUM COTTAGE?

LABURNUM COTTAGE is 118m² according to the EPC inspection conducted in October 2021. This puts it in the largest 50% of detached houses houses in Glentham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Glentham, and where LABURNUM COTTAGE lies on this distribution: 49% of detached houses houses are smaller than LABURNUM COTTAGE, and 50% of houses are larger. Note that EPC data is not available for all properties in Glentham.

LABURNUM COTTAGE: Plot and Title Map

LABURNUM COTTAGE sits on a plot of roughly 0.327 of an acre, or 1,323m². The below map shows the location of LABURNUM 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 LABURNUM 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 LABURNUM COTTAGE?

LABURNUM COTTAGE is located on MIDDLEFIELD LANE in GLENTHAM, in the LN8 postcode district. The below map shows the position of LABURNUM COTTAGE on MIDDLEFIELD LANE.