THE COTTAGE, BRAYGATE LANE, CONISHOLME ROAD, NORTH SOMERCOTES, LOUTH, LN11 7PS - £285,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE COTTAGE is a large extended detached house of 145m², built sometime before 1900. It was last sold for £285,000 in January 2019, which was around 28% above the average January 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2018, where the current energy rating was E, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE 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 East Lindsey local authority area for the corresponding sale date. All of the three THE 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
2019 18 JAN	£285,000	£223,095	28% above HPI
2014 20 MAY	£227,000	£172,441	32% above HPI
2011 21 JAN	£190,000	£162,116	17% above HPI

THE 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 three THE COTTAGE sales between January 2011 and January 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 2014 sale was for 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the January 2019 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 145m², which includes two extensions, according to the EPC inspection conducted in August 2018. This puts it in the largest 30% of detached houses in North Somercotes, based on EPC data. The below chart shows the distribution of detached houses by size in North Somercotes, and where THE COTTAGE lies on this distribution: 74% of detached houses are smaller than THE COTTAGE, and 25% of houses are larger. Note that EPC data is not available for all properties in North Somercotes.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.166 of an acre, or 673m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE, BRAYGATE LANE is located on CONISHOLME ROAD in NORTH SOMERCOTES, in the LN11 postcode district. The below map shows the position of THE COTTAGE, BRAYGATE LANE on CONISHOLME ROAD.