LITTLE SCOTLAND FARM, SCOTLAND LANE, INGOLDSBY, GRANTHAM, NG33 4ES - £650,000

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.

LITTLE SCOTLAND FARM is a very large extended detached house of 328m², built sometime between 1983 and 1990, which could now be worth an estimated £778,375. It was last sold for £650,000 in September 2018, which was around 113% above the average September 2018 detached price in the South Kesteven local authority area. The most recent EPC inspection was May 2013, where the current energy rating was D, and the potential energy rating was C.

LITTLE SCOTLAND FARM Sold Prices

Land registry data shows two sales for LITTLE SCOTLAND FARM since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Kesteven local authority area for the corresponding sale date. Both of the two LITTLE SCOTLAND FARM 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
2018 14 SEP	£650,000	£304,517	113% above HPI
2003 10 FEB	£370,000	£167,636	121% above HPI

LITTLE SCOTLAND FARM Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two LITTLE SCOTLAND FARM sales from February 2003 and September 2018 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 2003 sale was for 121% above the HPI. So the extrapolation line tracks at 121% above the HPI over time, until the September 2018 sale, where it falls to 113% above the HPI. The line then continues to track at 113% above the HPI.

What might LITTLE SCOTLAND FARM be worth now?

LITTLE SCOTLAND FARM might now be worth an estimated £778,375.

This is based on house price inflation of 19.7%, between September 2018 and February 2025, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 19.7% inflationary increase is applied to the most recent sale price for LITTLE SCOTLAND FARM of £650,000 on 14th September 2018. For the value to have increased from £650,000 to £778,375 over the seven years and seven months to February 2025, the following assumptions must hold true:

• The value of LITTLE SCOTLAND FARM has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The September 2018 sale price of £650,000 represented a fair market value for the property.
• The size, condition, and specification of LITTLE SCOTLAND FARM has not materially changed since September 2018.

How Large is LITTLE SCOTLAND FARM?

LITTLE SCOTLAND FARM is 328m², which includes two extensions, according to the EPC inspection conducted in May 2013. This puts it in the largest 10% of detached houses houses in Ingoldsby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ingoldsby, and where LITTLE SCOTLAND FARM lies on this distribution: 98% of detached houses houses are smaller than LITTLE SCOTLAND FARM, and 3% of houses are larger. Note that EPC data is not available for all properties in Ingoldsby.

LITTLE SCOTLAND FARM: Plot and Title Map

LITTLE SCOTLAND FARM sits on a plot of roughly 0.355 of an acre, or 1,435m². The below map shows the location of LITTLE SCOTLAND FARM, 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 LITTLE SCOTLAND FARM). 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 LITTLE SCOTLAND FARM?

LITTLE SCOTLAND FARM is located on SCOTLAND LANE in INGOLDSBY, in the NG33 postcode district. The below map shows the position of LITTLE SCOTLAND FARM on SCOTLAND LANE.