THE COTTAGE, THORNTON ROAD, SOUTH KELSEY, MARKET RASEN, LN7 6PS - £280,501

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE COTTAGE is a small extended detached house of 112m², built sometime between 1900 and 1929, which could now be worth an estimated £274,158. It was last sold for £280,501 in October 2023, which was around 4% below the average October 2023 detached price in the West Lindsey local authority area. The most recent EPC inspection was July 2023, where the current energy rating was E, 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. Both of the two 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
2023 19 OCT	£280,501	£291,511	4% below HPI
2016 20 MAY	£175,000	£196,829	11% 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 May 2016 and October 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 May 2016 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the October 2023 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £274,158.

This is based on house price deflation of 2.3%, between October 2023 and December 2024, 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 2.3% deflationary decrease is applied to the most recent sale price for THE COTTAGE of £280,501 on 19th October 2023. For the value to have decreased from £280,501 to £274,158 over the ten months to December 2024, 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 October 2023 sale price of £280,501 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since October 2023.

How Large is THE COTTAGE?

THE COTTAGE is 112m², which includes two extensions, according to the EPC inspection conducted in July 2023. This puts it in the smallest 40% of detached houses houses in South Kelsey, based on EPC data. The below chart shows the distribution of detached houses houses by size in South Kelsey, and where THE COTTAGE lies on this distribution: 31% of detached houses houses are smaller than THE COTTAGE, and 69% of houses are larger. Note that EPC data is not available for all properties in South Kelsey.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.142 of an acre, or 573m². 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 THORNTON ROAD in SOUTH KELSEY, in the LN7 postcode district. The below map shows the position of THE COTTAGE on THORNTON ROAD.