ROSEBANK COTTAGE, EASTFIELD LANE, GRIMOLDBY, LOUTH, LN11 8TD - £167,000

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

ROSEBANK COTTAGE is a very small detached house of 75m², built sometime between 1976 and 1982. It was last sold for £167,000 in September 2017, which was around 21% below the average September 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2016, where the current energy rating was D, and the potential energy rating was B.

ROSEBANK COTTAGE Sold Prices

Land registry data shows two sales for ROSEBANK 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 ROSEBANK 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
2017 15 SEP	£167,000	£210,398	21% below HPI
2012 1 MAY	£103,500	£163,459	37% below HPI

ROSEBANK 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 ROSEBANK COTTAGE sales from May 2012 and September 2017 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 2012 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the September 2017 sale, where it rises to 21% below the HPI. The line then continues to track at 21% below the HPI.

How Large is ROSEBANK COTTAGE?

ROSEBANK COTTAGE is 75m² according to the EPC inspection conducted in August 2016. This puts it in the smallest 20% of detached houses in Grimoldby, based on EPC data. The below chart shows the distribution of detached houses by size in Grimoldby, and where ROSEBANK COTTAGE lies on this distribution: 12% of detached houses are smaller than ROSEBANK COTTAGE, and 88% of houses are larger. Note that EPC data is not available for all properties in Grimoldby.

ROSEBANK COTTAGE: Plot and Title Map

ROSEBANK COTTAGE sits on a plot of roughly 0.075 of an acre, or 304m². The below map shows the location of ROSEBANK 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 ROSEBANK 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 ROSEBANK COTTAGE?

ROSEBANK COTTAGE is located on EASTFIELD LANE in GRIMOLDBY, in the LN11 postcode district. The below map shows the position of ROSEBANK COTTAGE on EASTFIELD LANE.