MILL COTTAGE, NORTHGATE, PINCHBECK, SPALDING, PE11 3SQ - £233,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MILL COTTAGE is a midsized extended detached house of 109m², built sometime before 1900, which could now be worth an estimated £293,339. It was last sold for £233,000 in March 2018, which was around 3% above the average March 2018 detached price in the South Holland local authority area. The most recent EPC inspection was October 2017, where the current energy rating was E, and the potential energy rating was A.

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 South Holland local authority area for the corresponding sale date. One of the two MILL COTTAGE sales was for above the average price, whilst the other was 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
2018 9 MAR	£233,000	£227,162	3% above HPI
2003 31 OCT	£145,000	£146,893	1% below HPI

MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The two MILL COTTAGE sales from October 2003 and March 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 October 2003 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the March 2018 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £293,339.

This is based on house price inflation of 25.9%, between March 2018 and December 2024, for detached houses, in the South Holland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.9% inflationary increase is applied to the most recent sale price for MILL COTTAGE of £233,000 on 9th March 2018. For the value to have increased from £233,000 to £293,339 over the five years and three months to December 2024, the following assumptions must hold true:

• The value of MILL COTTAGE has moved in line with the HPI for detached houses in the South Holland local authority area.
• The March 2018 sale price of £233,000 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since March 2018.

How Large is MILL COTTAGE?

MILL COTTAGE is 109m², which includes two extensions, according to the EPC inspection conducted in October 2017. This puts it in the smallest 50% of detached houses houses in Pinchbeck, based on EPC data. The below chart shows the distribution of detached houses houses by size in Pinchbeck, and where MILL COTTAGE lies on this distribution: 50% of detached houses houses are smaller than MILL COTTAGE, and 50% of houses are larger. Note that EPC data is not available for all properties in Pinchbeck.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.147 of an acre, or 595m². 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 NORTHGATE in PINCHBECK, in the PE11 postcode district. The below map shows the position of MILL COTTAGE on NORTHGATE.