STABLE COTTAGE, WATER LANE, SOUTH WITHAM, GRANTHAM, NG33 5PH - £305,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

STABLE COTTAGE is a very large extended detached house of 155m², built sometime before 1900, which could now be worth an estimated £413,593. It was last sold for £305,000 in May 2017, which was around 12% above the average May 2017 detached price in the South Kesteven local authority area. The most recent EPC inspection was September 2016, where the current energy rating was D, and the potential energy rating was C.

STABLE COTTAGE Sold Prices

Land registry data shows two sales for STABLE 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 South Kesteven local authority area for the corresponding sale date. Both of the two STABLE COTTAGE sales were for above 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 17 MAY	£305,000	£271,626	12% above HPI
1995 12 SEP	£76,500	£71,060	8% above HPI

STABLE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two STABLE COTTAGE sales from September 1995 and May 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 September 1995 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the May 2017 sale, where it rises to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might STABLE COTTAGE be worth now?

STABLE COTTAGE might now be worth an estimated £413,593.

This is based on house price inflation of 35.6%, between May 2017 and December 2024, for detached houses, in the South Kesteven local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.6% inflationary increase is applied to the most recent sale price for STABLE COTTAGE of £305,000 on 17th May 2017. For the value to have increased from £305,000 to £413,593 over the six years and five months to December 2024, the following assumptions must hold true:

• The value of STABLE COTTAGE has moved in line with the HPI for detached houses in the South Kesteven local authority area.
• The May 2017 sale price of £305,000 represented a fair market value for the property.
• The size, condition, and specification of STABLE COTTAGE has not materially changed since May 2017.

How Large is STABLE COTTAGE?

STABLE COTTAGE is 155m², which includes one extension, according to the EPC inspection conducted in September 2016. This puts it in the largest 20% of detached houses houses in South Witham, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Witham, and where STABLE COTTAGE lies on this distribution: 87% of detached houses houses are smaller than STABLE COTTAGE, and 13% of houses are larger. Note that EPC data is not available for all properties in South Witham.

STABLE COTTAGE: Plot and Title Map

STABLE COTTAGE sits on a plot of roughly 0.124 of an acre, or 500m². 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 WATER LANE in SOUTH WITHAM, in the NG33 postcode district. The below map shows the position of STABLE COTTAGE on WATER LANE.