THE COTTAGE, MILL LANE, NORTH KELSEY, MARKET RASEN, LN7 6ED - £265,000

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.

THE COTTAGE is a large extended detached house of 165m², built sometime before 1900, which could now be worth an estimated £375,572. It was last sold for £265,000 in August 2016, which was around 29% above the average August 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2017, where the current energy rating was F, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE 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 West Lindsey local authority area for the corresponding sale date. One of the two THE COTTAGE sales was for above the average price, whilst the other was 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
2016 15 AUG	£265,000	£205,407	29% above HPI
1996 25 OCT	£30,000	£63,713	53% below 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 two THE COTTAGE sales from October 1996 and August 2016 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 October 1996 sale was for 53% below the HPI. So the extrapolation line tracks at 53% below the HPI over time, until the August 2016 sale, where it rises to 29% above the HPI. The line then continues to track at 29% above the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £375,572.

This is based on house price inflation of 41.7%, between August 2016 and February 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 41.7% inflationary increase is applied to the most recent sale price for THE COTTAGE of £265,000 on 15th August 2016. For the value to have increased from £265,000 to £375,572 over the nine years and six months to February 2025, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2016 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since August 2016.

How Large is THE COTTAGE?

THE COTTAGE is 165m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the largest 40% of detached houses houses in North Kelsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Kelsey, and where THE COTTAGE lies on this distribution: 68% of detached houses houses are smaller than THE COTTAGE, and 32% of houses are larger. Note that EPC data is not available for all properties in North Kelsey.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.170 of an acre, or 686m². 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 MILL LANE in NORTH KELSEY, in the LN7 postcode district. The below map shows the position of THE COTTAGE on MILL LANE.