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

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

ROSE COTTAGE is a very small extended detached house of 71m², built sometime before 1900. It was last sold for £125,000 in March 2015, which was around 28% 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	£174,460	28% below HPI
1997 24 JAN	£33,000	£56,779	42% 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 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the March 2015 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

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 in Keal Cotes, based on EPC data. The below chart shows the distribution of detached houses by size in Keal Cotes, and where ROSE COTTAGE lies on this distribution: 13% of detached 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.