LILAC COTTAGE, SEA ROAD, ANDERBY, SKEGNESS, PE24 5YE - £85,000

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

LILAC COTTAGE is a very small detached house of 36m², built sometime before 1900. It was last sold for £85,000 in June 2024, which was around 68% below the average June 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2024, where the current energy rating was E, and the potential energy rating was A.

LILAC COTTAGE Sold Prices

Land registry data shows two sales for LILAC 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 East Lindsey local authority area for the corresponding sale date. Both of the two LILAC 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
2024 28 JUN	£85,000	£269,556	68% below HPI
1996 26 FEB	£18,000	£54,199	67% below HPI

LILAC 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 two LILAC COTTAGE sales from February 1996 and June 2024 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 1996 sale was for 67% below the HPI. So the extrapolation line tracks at 67% below the HPI over time, until the June 2024 sale, where it falls to 68% below the HPI. The line then continues to track at 68% below the HPI.

How Large is LILAC COTTAGE?

LILAC COTTAGE is 36m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 10% of detached houses in Anderby, based on EPC data. The below chart shows the distribution of detached houses by size in Anderby, and where LILAC COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than LILAC COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Anderby.

LILAC COTTAGE: Plot and Title Map

LILAC COTTAGE sits on a plot of roughly 0.153 of an acre, or 620m². The below map shows the location of LILAC 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 LILAC 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 LILAC COTTAGE?

LILAC COTTAGE is located on SEA ROAD in ANDERBY, in the PE24 postcode district. The below map shows the position of LILAC COTTAGE on SEA ROAD.