LANTERN COTTAGE, TOP STREET, WING, OAKHAM, LE15 8SE - £600,000

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.

LANTERN COTTAGE is a small detached house of 127m², built sometime between 1991 and 1995, which could now be worth an estimated £675,637. It was last sold for £600,000 in October 2020, which was around 39% above the average October 2020 detached price in the Rutland local authority area. The most recent EPC inspection was March 2012, where the current energy rating was D, and the potential energy rating was D.

LANTERN COTTAGE Sold Prices

Land registry data shows three sales for LANTERN 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 Rutland local authority area for the corresponding sale date. All of the three LANTERN 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
2020 2 OCT	£600,000	£432,048	39% above HPI
2012 29 MAY	£435,000	£279,176	56% above HPI
2001 4 SEP	£275,000	£155,209	77% above HPI

LANTERN COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Rutland local authority area over time, sourced from the HPI. The three LANTERN COTTAGE sales between September 2001 and October 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 May 2012 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the October 2020 sale, where it falls to 39% above the HPI. The line then continues to track at 39% above the HPI.

What might LANTERN COTTAGE be worth now?

LANTERN COTTAGE might now be worth an estimated £675,637.

This is based on house price inflation of 12.6%, between October 2020 and February 2025, for detached houses, in the Rutland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 12.6% inflationary increase is applied to the most recent sale price for LANTERN COTTAGE of £600,000 on 2nd October 2020. For the value to have increased from £600,000 to £675,637 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of LANTERN COTTAGE has moved in line with the HPI for detached houses in the Rutland local authority area.
• The October 2020 sale price of £600,000 represented a fair market value for the property.
• The size, condition, and specification of LANTERN COTTAGE has not materially changed since October 2020.

How Large is LANTERN COTTAGE?

LANTERN COTTAGE is 127m² according to the EPC inspection conducted in March 2012. This puts it in the smallest 20% of detached houses houses in Wing, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wing, and where LANTERN COTTAGE lies on this distribution: 20% of detached houses houses are smaller than LANTERN COTTAGE, and 80% of houses are larger. Note that EPC data is not available for all properties in Wing.

LANTERN COTTAGE: Plot and Title Map

LANTERN COTTAGE sits on a plot of roughly 0.181 of an acre, or 734m². The below map shows the location of LANTERN 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 LANTERN 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 LANTERN COTTAGE?

LANTERN COTTAGE is located on TOP STREET in WING, in the LE15 postcode district. The below map shows the position of LANTERN COTTAGE on TOP STREET.