STABLE COTTAGE, VICARAGE LANE, WELLINGORE, LINCOLN, LN5 0JF - £260,000

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.

STABLE COTTAGE is a small extended detached house of 96m², built sometime before 1900, which could now be worth an estimated £275,475. It was last sold for £260,000 in December 2021, which was around 9% below the average December 2021 detached price in the North Kesteven local authority area. The most recent EPC inspection was May 2021, where the current energy rating was D, and the potential energy rating was B.

STABLE COTTAGE Sold Prices

Land registry data shows four sales for STABLE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Kesteven local authority area for the corresponding sale date. All of the four STABLE 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
2021 16 DEC	£260,000	£285,742	9% below HPI
2021 16 AUG	£260,000	£278,721	7% below HPI
2018 8 JAN	£197,000	£238,629	17% below HPI
2001 7 JUN	£69,950	£83,562	16% below HPI

STABLE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Kesteven local authority area over time, sourced from the HPI. The four STABLE COTTAGE sales between June 2001 and December 2021 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 August 2021 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the December 2021 sale, where it falls to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might STABLE COTTAGE be worth now?

STABLE COTTAGE might now be worth an estimated £275,475.

This is based on house price inflation of 6%, between December 2021 and February 2025, for detached houses, in the North Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6% inflationary increase is applied to the most recent sale price for STABLE COTTAGE of £260,000 on 16th December 2021. For the value to have increased from £260,000 to £275,475 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of STABLE COTTAGE has moved in line with the HPI for detached houses in the North Kesteven local authority area.
• The December 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of STABLE COTTAGE has not materially changed since December 2021.

How Large is STABLE COTTAGE?

STABLE COTTAGE is 96m², which includes two extensions, according to the EPC inspection conducted in May 2021. This puts it in the smallest 30% of detached houses houses in Wellingore, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wellingore, and where STABLE COTTAGE lies on this distribution: 26% of detached houses houses are smaller than STABLE COTTAGE, and 74% of houses are larger. Note that EPC data is not available for all properties in Wellingore.

STABLE COTTAGE: Plot and Title Map

STABLE COTTAGE sits on a plot of roughly 0.058 of an acre, or 234m². The below map shows the location of STABLE 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 STABLE 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 STABLE COTTAGE?

STABLE COTTAGE is located on VICARAGE LANE in WELLINGORE, in the LN5 postcode district. The below map shows the position of STABLE COTTAGE on VICARAGE LANE.