THE COTTAGE, OLD MAIN ROAD, FLEET HARGATE, SPALDING, PE12 8LH - £265,000

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 112m², built sometime between 1900 and 1929. It was last sold for £265,000 in March 2022, which was around 5% below the average March 2022 detached price in the South Holland local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

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 South Holland local authority area for the corresponding sale date. All of the three THE COTTAGE sales were 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
2022 25 MAR	£265,000	£278,665	5% below HPI
2019 20 FEB	£210,000	£233,963	10% below HPI
2008 29 FEB	£157,000	£193,816	19% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The three THE COTTAGE sales between February 2008 and March 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 February 2019 sale was for 10% below the HPI. So the extrapolation line tracks at 10% below the HPI over time, until the March 2022 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 112m², which includes three extensions, according to the EPC inspection conducted in August 2018. This puts it in the largest 40% of detached houses in Fleet Hargate, based on EPC data. The below chart shows the distribution of detached houses by size in Fleet Hargate, and where THE COTTAGE lies on this distribution: 63% of detached houses are smaller than THE COTTAGE, and 36% of houses are larger. Note that EPC data is not available for all properties in Fleet Hargate.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.111 of an acre, or 450m². 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 MAIN ROAD in FLEET HARGATE, in the PE12 postcode district. The below map shows the position of THE COTTAGE on OLD MAIN ROAD.