PEAR TREE COTTAGE, CHAPEL LANE, HARMSTON, LINCOLN, LN5 9TB - £715,000

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

PEAR TREE COTTAGE is a very large extended detached house of 291m², built sometime before 1900. It was last sold for £715,000 in April 2024, which was around 138% above the average April 2024 detached price in the North Kesteven local authority area. The most recent EPC inspection was October 2018, where the current energy rating was C, and the potential energy rating was B.

PEAR TREE COTTAGE Sold Prices

Land registry data shows four sales for PEAR TREE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four PEAR TREE 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
2024 5 APR	£715,000	£300,782	138% above HPI
2022 30 SEP	£765,000	£322,157	137% above HPI
2020 20 FEB	£600,000	£257,092	133% above HPI
1997 31 JAN	£138,000	£62,424	121% above HPI

PEAR TREE 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 four PEAR TREE COTTAGE sales between January 1997 and April 2024 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 2022 sale was for 137% above the HPI. So the extrapolation line tracks at 137% above the HPI over time, until the April 2024 sale, where it rises to 138% above the HPI. The line then continues to track at 138% above the HPI.

How Large is PEAR TREE COTTAGE?

PEAR TREE COTTAGE is 291m², which includes one extension, according to the EPC inspection conducted in October 2018. This puts it in the largest 20% of detached houses in Harmston, based on EPC data. The below chart shows the distribution of detached houses by size in Harmston, and where PEAR TREE COTTAGE lies on this distribution: 86% of detached houses are smaller than PEAR TREE COTTAGE, and 14% of houses are larger. Note that EPC data is not available for all properties in Harmston.

PEAR TREE COTTAGE: Plot and Title Map

PEAR TREE COTTAGE sits on a plot of roughly 0.215 of an acre, or 871m². The below map shows the location of PEAR TREE 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 PEAR TREE 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 PEAR TREE COTTAGE?

PEAR TREE COTTAGE is located on CHAPEL LANE in HARMSTON, in the LN5 postcode district. The below map shows the position of PEAR TREE COTTAGE on CHAPEL LANE.