NORTHCLIFF COTTAGE, FAR LANE, WADDINGTON, LINCOLN, LN5 9QG - £190,000

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

NORTHCLIFF COTTAGE is a very small extended detached house of 66m², built sometime before 1900, which could now be worth an estimated £201,103. It was last sold for £190,000 in September 2021, which was around 32% below the average September 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was January 2020, where the current energy rating was D, and the potential energy rating was B.

NORTHCLIFF COTTAGE Sold Prices

Land registry data shows five sales for NORTHCLIFF COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the five NORTHCLIFF 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
2021 30 SEP	£190,000	£278,376	32% below HPI
2020 27 MAR	£160,000	£251,132	36% below HPI
2006 6 JUN	£140,000	£180,854	23% below HPI
2001 6 APR	£68,500	£79,809	14% below HPI
1996 4 APR	£48,750	£58,209	16% below HPI

NORTHCLIFF COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The five NORTHCLIFF COTTAGE sales between April 1996 and September 2021 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 March 2020 sale was for 36% below the HPI. So the extrapolation line tracks at 36% below the HPI over time, until the September 2021 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might NORTHCLIFF COTTAGE be worth now?

NORTHCLIFF COTTAGE might now be worth an estimated £201,103.

This is based on house price inflation of 5.8%, between September 2021 and December 2024, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 5.8% inflationary increase is applied to the most recent sale price for NORTHCLIFF COTTAGE of £190,000 on 30th September 2021. For the value to have increased from £190,000 to £201,103 over the two years and nine months to December 2024, the following assumptions must hold true:

• The value of NORTHCLIFF COTTAGE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The September 2021 sale price of £190,000 represented a fair market value for the property.
• The size, condition, and specification of NORTHCLIFF COTTAGE has not materially changed since September 2021.

How Large is NORTHCLIFF COTTAGE?

NORTHCLIFF COTTAGE is 66m², which includes one extension, according to the EPC inspection conducted in January 2020. This puts it in the smallest 10% of detached houses houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses houses by size in Waddington, and where NORTHCLIFF COTTAGE lies on this distribution: 6% of detached houses houses are smaller than NORTHCLIFF COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Waddington.

NORTHCLIFF COTTAGE: Plot and Title Map

NORTHCLIFF COTTAGE sits on a plot of roughly 0.028 of an acre, or 115m². The below map shows the location of NORTHCLIFF 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 NORTHCLIFF 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 NORTHCLIFF COTTAGE?

NORTHCLIFF COTTAGE is located on FAR LANE in WADDINGTON, in the LN5 postcode district. The below map shows the position of NORTHCLIFF COTTAGE on FAR LANE.