MILL COTTAGE, MILL RISE, SCOTHERN, LINCOLN, LN2 2WZ - £300,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MILL COTTAGE is a very small extended detached house of 105m², built sometime between 1950 and 1966. It was last sold for £300,000 in November 2020, which was around 28% above the average November 2020 detached price in the West Lindsey local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

MILL COTTAGE Sold Prices

Land registry data shows two sales for MILL 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 MILL 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 11 NOV	£300,000	£235,136	28% above HPI
2013 24 SEP	£199,000	£180,348	10% above HPI

MILL 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 MILL COTTAGE sales from September 2013 and November 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 September 2013 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the November 2020 sale, where it rises to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is MILL COTTAGE?

MILL COTTAGE is 105m², which includes two extensions, according to the EPC inspection conducted in April 2014. This puts it in the smallest 20% of detached houses in Scothern, based on EPC data. The below chart shows the distribution of detached houses by size in Scothern, and where MILL COTTAGE lies on this distribution: 19% of detached houses are smaller than MILL COTTAGE, and 81% of houses are larger. Note that EPC data is not available for all properties in Scothern.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.159 of an acre, or 644m². The below map shows the location of MILL 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 MILL 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 MILL COTTAGE?

MILL COTTAGE is located on MILL RISE in SCOTHERN, in the LN2 postcode district. The below map shows the position of MILL COTTAGE on MILL RISE.