SOUTHWOLD COTTAGE, OLD GALLAMORE LANE, MIDDLE RASEN, MARKET RASEN, LN8 3US - £210,000

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.

SOUTHWOLD COTTAGE is a small extended detached house of 90m², built sometime between 1967 and 1975, which could now be worth an estimated £263,177. It was last sold for £210,000 in October 2019, which was around 11% below the average October 2019 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was C.

SOUTHWOLD COTTAGE Sold Prices

Land registry data shows three sales for SOUTHWOLD 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 West Lindsey local authority area for the corresponding sale date. All of the three SOUTHWOLD 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
2019 23 OCT	£210,000	£234,730	11% below HPI
2010 24 MAY	£155,500	£184,093	16% below HPI
1995 19 OCT	£44,000	£59,969	27% below HPI

SOUTHWOLD 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 three SOUTHWOLD COTTAGE sales between October 1995 and October 2019 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 2010 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2019 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might SOUTHWOLD COTTAGE be worth now?

SOUTHWOLD COTTAGE might now be worth an estimated £263,177.

This is based on house price inflation of 25.3%, between October 2019 and March 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 25.3% inflationary increase is applied to the most recent sale price for SOUTHWOLD COTTAGE of £210,000 on 23rd October 2019. For the value to have increased from £210,000 to £263,177 over the six years and seven months to March 2025, the following assumptions must hold true:

• The value of SOUTHWOLD COTTAGE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The October 2019 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of SOUTHWOLD COTTAGE has not materially changed since October 2019.

How Large is SOUTHWOLD COTTAGE?

SOUTHWOLD COTTAGE is 90m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 30% of detached houses houses in Middle Rasen, based on EPC data. The below chart shows the distribution of detached houses houses by size in Middle Rasen, and where SOUTHWOLD COTTAGE lies on this distribution: 28% of detached houses houses are smaller than SOUTHWOLD COTTAGE, and 70% of houses are larger. Note that EPC data is not available for all properties in Middle Rasen.

SOUTHWOLD COTTAGE: Plot and Title Map

SOUTHWOLD COTTAGE sits on a plot of roughly 0.152 of an acre, or 614m². The below map shows the location of SOUTHWOLD 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 SOUTHWOLD 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 SOUTHWOLD COTTAGE?

SOUTHWOLD COTTAGE is located on OLD GALLAMORE LANE in MIDDLE RASEN, in the LN8 postcode district. The below map shows the position of SOUTHWOLD COTTAGE on OLD GALLAMORE LANE.