ROSE COTTAGE, MILL LANE, MIDDLE RASEN, MARKET RASEN, LN8 3LE - £330,000

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 midsized extended detached house of 122m², built sometime before 1900. It was last sold for £330,000 in August 2018, which was around 46% above the average August 2018 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2018, where the current energy rating was E, and the potential energy rating was C.

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 West Lindsey local authority area for the corresponding sale date. One of the two ROSE COTTAGE sales was for above the average price, whilst the other was 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
2018 31 AUG	£330,000	£226,699	46% above HPI
2002 19 MAR	£86,000	£98,976	13% below HPI

ROSE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The two ROSE COTTAGE sales from March 2002 and August 2018 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 March 2002 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the August 2018 sale, where it rises to 46% above the HPI. The line then continues to track at 46% above the HPI.

How Large is ROSE COTTAGE?

ROSE COTTAGE is 122m², which includes three extensions, according to the EPC inspection conducted in May 2018. This puts it in the largest 50% of detached houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses by size in Middle Rasen, and where ROSE COTTAGE lies on this distribution: 55% of detached houses are smaller than ROSE COTTAGE, and 44% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

ROSE COTTAGE: Plot and Title Map

ROSE COTTAGE sits on a plot of roughly 0.501 of an acre, or 2,028m². 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 MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of ROSE COTTAGE on MILL LANE.