PEGASUS COTTAGE, KEELING STREET, NORTH SOMERCOTES, LOUTH, LN11 7QT - £160,000

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

PEGASUS COTTAGE is a very small detached house of 45m², built sometime between 1900 and 1929. It was last sold for £160,000 in September 2021, which was around 35% below the average September 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was May 2011, where the current energy rating was G, and the potential energy rating was D.

PEGASUS COTTAGE Sold Prices

Land registry data shows two sales for PEGASUS 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 East Lindsey local authority area for the corresponding sale date. Both of the two PEGASUS 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 24 SEP	£160,000	£245,698	35% below HPI
2014 2 MAY	£115,000	£172,441	33% below HPI

PEGASUS COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Lindsey local authority area over time, sourced from the HPI. The two PEGASUS COTTAGE sales from May 2014 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 May 2014 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the September 2021 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is PEGASUS COTTAGE?

PEGASUS COTTAGE is 45m² according to the EPC inspection conducted in May 2011. This puts it in the smallest 10% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where PEGASUS COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than PEGASUS COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

PEGASUS COTTAGE: Plot and Title Map

PEGASUS COTTAGE sits on a plot of roughly 0.218 of an acre, or 884m². The below map shows the location of PEGASUS 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 PEGASUS 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 PEGASUS COTTAGE?

PEGASUS COTTAGE is located on KEELING STREET in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of PEGASUS COTTAGE on KEELING STREET.