ROSE COTTAGE, MILL LANE, KEAL COTES, SPILSBY, PE23 4AJ - £125,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

ROSE COTTAGE is a very small extended detached house of 71m², built sometime before 1900, which could now be worth an estimated £201,186. It was last sold for £125,000 in March 2015, which was around 29% below the average March 2015 detached price in the East Lindsey local authority area. The most recent EPC inspection was December 2014, where the current energy rating was F, and the potential energy rating was A.

ROSE COTTAGE Sold Prices

Land registry data shows two sales for ROSE 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 ROSE 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
2015 10 MAR	£125,000	£177,002	29% below HPI
1997 24 JAN	£33,000	£57,606	43% below HPI

ROSE 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 ROSE COTTAGE sales from January 1997 and March 2015 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 January 1997 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the March 2015 sale, where it rises to 29% below the HPI. The line then continues to track at 29% below the HPI.

What might ROSE COTTAGE be worth now?

ROSE COTTAGE might now be worth an estimated £201,186.

This is based on house price inflation of 60.9%, between March 2015 and March 2025, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 60.9% inflationary increase is applied to the most recent sale price for ROSE COTTAGE of £125,000 on 10th March 2015. For the value to have increased from £125,000 to £201,186 over the ten years to March 2025, the following assumptions must hold true:

• The value of ROSE COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The March 2015 sale price of £125,000 represented a fair market value for the property.
• The size, condition, and specification of ROSE COTTAGE has not materially changed since March 2015.

How Large is ROSE COTTAGE?

ROSE COTTAGE is 71m², which includes three extensions, according to the EPC inspection conducted in December 2014. This puts it in the smallest 20% of detached houses houses in Keal Cotes, based on EPC data. The below chart shows the distribution of detached houses houses by size in Keal Cotes, and where ROSE COTTAGE lies on this distribution: 13% of detached houses houses are smaller than ROSE COTTAGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Keal Cotes.

ROSE COTTAGE: Plot and Title Map

ROSE COTTAGE sits on a plot of roughly 0.328 of an acre, or 1,326m². The below map shows the location of ROSE 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 ROSE 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 ROSE COTTAGE?

ROSE COTTAGE is located on MILL LANE in KEAL COTES, in the PE23 postcode district. The below map shows the position of ROSE COTTAGE on MILL LANE.