THE COTTAGE, OLD CHURCH LANE, GREAT STEEPING, SPILSBY, PE23 5PR - £375,000

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 midsized detached house of 105m², built sometime before 1900. It was last sold for £375,000 in May 2023, which was around 38% above the average May 2023 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2017, where the current energy rating was G, and the potential energy rating was A.

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 East 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
2023 12 MAY	£375,000	£271,486	38% above HPI
2020 27 AUG	£150,000	£219,742	32% below 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 two THE COTTAGE sales from August 2020 and May 2023 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 2020 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the May 2023 sale, where it rises to 38% above the HPI. The line then continues to track at 38% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 105m² according to the EPC inspection conducted in February 2017. This puts it in the largest 50% of detached houses in Great Steeping, based on EPC data. The below chart shows the distribution of detached houses by size in Great Steeping, and where THE COTTAGE lies on this distribution: 59% of detached houses are smaller than THE COTTAGE, and 41% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.915 of an acre, or 3,703m². 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 OLD CHURCH LANE in GREAT STEEPING, in the PE23 postcode district. The below map shows the position of THE COTTAGE on OLD CHURCH LANE.