LILY COTTAGE, LOW CHURCH ROAD, MIDDLE RASEN, MARKET RASEN, LN8 3TY - £87,000

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.

LILY COTTAGE is a very small semi-detached house of 49m², built sometime before 1900, which could now be worth an estimated £127,022. It was last sold for £87,000 in December 2016, which was around 33% below the average December 2016 semi-detached price in the West Lindsey local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was B.

LILY COTTAGE Sold Prices

Land registry data shows three sales for LILY COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the West Lindsey local authority area for the corresponding sale date. All of the three LILY 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
2016 21 DEC	£87,000	£130,099	33% below HPI
2009 15 MAY	£53,000	£111,121	52% below HPI
2000 15 SEP	£30,000	£45,456	34% below HPI

LILY COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three LILY COTTAGE sales between September 2000 and December 2016 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 2009 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the December 2016 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might LILY COTTAGE be worth now?

LILY COTTAGE might now be worth an estimated £127,022.

This is based on house price inflation of 46%, between December 2016 and March 2025, for semi-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 46% inflationary increase is applied to the most recent sale price for LILY COTTAGE of £87,000 on 21st December 2016. For the value to have increased from £87,000 to £127,022 over the nine years and nine months to March 2025, the following assumptions must hold true:

• The value of LILY COTTAGE has moved in line with the HPI for semi-detached houses in the West Lindsey local authority area.
• The December 2016 sale price of £87,000 represented a fair market value for the property.
• The size, condition, and specification of LILY COTTAGE has not materially changed since December 2016.

How Large is LILY COTTAGE?

LILY COTTAGE is 49m² according to the EPC inspection conducted in September 2016. This puts it in the smallest 10% of semi-detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Middle Rasen, and where LILY COTTAGE lies on this distribution: Less than 1% of semi-detached houses houses are smaller than LILY COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

LILY COTTAGE: Plot and Title Map

LILY COTTAGE sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of LILY 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 LILY 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 LILY COTTAGE?

LILY COTTAGE is located on LOW CHURCH ROAD in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of LILY COTTAGE on LOW CHURCH ROAD.