THORNEYWELL COTTAGE, THORNWELL LANE, HAGWORTHINGHAM, SPILSBY, PE23 4LR - £340,000

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

THORNEYWELL COTTAGE is a small extended detached house of 109m², built sometime before 1900, which could now be worth an estimated £361,299. It was last sold for £340,000 in February 2024, which was around 27% above the average February 2024 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2023, where the current energy rating was E, and the potential energy rating was C.

THORNEYWELL COTTAGE Sold Prices

Land registry data shows two sales for THORNEYWELL 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. Both of the two THORNEYWELL 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
2024 29 FEB	£340,000	£268,097	27% above HPI
2007 19 OCT	£273,000	£190,812	43% above HPI

THORNEYWELL 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 THORNEYWELL COTTAGE sales from October 2007 and February 2024 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 2007 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the February 2024 sale, where it falls to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might THORNEYWELL COTTAGE be worth now?

THORNEYWELL COTTAGE might now be worth an estimated £361,299.

This is based on house price inflation of 6.3%, between February 2024 and December 2024, for detached houses, in the East Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.3% inflationary increase is applied to the most recent sale price for THORNEYWELL COTTAGE of £340,000 on 29th February 2024. For the value to have increased from £340,000 to £361,299 over the two months to December 2024, the following assumptions must hold true:

• The value of THORNEYWELL COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2024 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of THORNEYWELL COTTAGE has not materially changed since February 2024.

How Large is THORNEYWELL COTTAGE?

THORNEYWELL COTTAGE is 109m², which includes four extensions, according to the EPC inspection conducted in March 2023. This puts it in the smallest 30% of detached houses houses in Hagworthingham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hagworthingham, and where THORNEYWELL COTTAGE lies on this distribution: 25% of detached houses houses are smaller than THORNEYWELL COTTAGE, and 75% of houses are larger. Note that EPC data is not available for all properties in Hagworthingham.

THORNEYWELL COTTAGE: Plot and Title Map

THORNEYWELL COTTAGE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of THORNEYWELL 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 THORNEYWELL 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 THORNEYWELL COTTAGE?

THORNEYWELL COTTAGE is located on THORNWELL LANE in HAGWORTHINGHAM, in the PE23 postcode district. The below map shows the position of THORNEYWELL COTTAGE on THORNWELL LANE.