REIDS COTTAGE, BAR LANE, WADDINGTON, LINCOLN, LN5 9SA - £105,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

REIDS COTTAGE is a small detached house of 88m², built sometime before 1900. It was last sold for £105,000 in September 2023, which was around 65% below the average September 2023 detached price in the North Kesteven local authority area. The most recent EPC inspection was July 2022, where the current energy rating was D, and the potential energy rating was B.

REIDS COTTAGE Sold Prices

Land registry data shows three sales for REIDS COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the three REIDS 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
2023 22 SEP	£105,000	£302,596	65% below HPI
2022 21 JUN	£270,000	£304,345	11% below HPI
2003 14 NOV	£60,000	£149,843	60% below HPI

REIDS 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 three REIDS COTTAGE sales between November 2003 and September 2023 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 June 2022 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the September 2023 sale, where it falls to 65% below the HPI. The line then continues to track at 65% below the HPI.

How Large is REIDS COTTAGE?

REIDS COTTAGE is 88m² according to the EPC inspection conducted in July 2022. This puts it in the smallest 40% of detached houses in Waddington, based on EPC data. The below chart shows the distribution of detached houses by size in Waddington, and where REIDS COTTAGE lies on this distribution: 35% of detached houses are smaller than REIDS COTTAGE, and 63% of houses are larger. Note that EPC data is not available for all properties in Waddington.

REIDS COTTAGE: Plot and Title Map

REIDS COTTAGE sits on a plot of roughly 0.017 of an acre, or 70m². The below map shows the location of REIDS 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 REIDS 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 REIDS COTTAGE?

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