THE COTTAGE, MAIN ROAD, LAUGHTERTON, LINCOLN, LN1 2JZ - £505,000

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

THE COTTAGE is a large extended detached house of 157m², built sometime between 1900 and 1929. It was last sold for £505,000 in November 2022, which was around 77% above the average November 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2016, 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 West 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
2022 7 NOV	£505,000	£285,856	77% above HPI
2016 22 DEC	£355,000	£206,444	72% above HPI
1997 8 APR	£94,000	£65,543	43% above HPI

THE 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 THE COTTAGE sales between April 1997 and November 2022 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 December 2016 sale was for 72% above the HPI. So the extrapolation line tracks at 72% above the HPI over time, until the November 2022 sale, where it rises to 77% above the HPI. The line then continues to track at 77% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 157m², which includes two extensions, according to the EPC inspection conducted in July 2016. This puts it in the largest 30% of detached houses in Laughterton, based on EPC data. The below chart shows the distribution of detached houses by size in Laughterton, and where THE COTTAGE lies on this distribution: 75% 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 Laughterton.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 1.0 acres, or 4,148m². 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 is located on MAIN ROAD in LAUGHTERTON, in the LN1 postcode district. The below map shows the position of THE COTTAGE on MAIN ROAD.