WATERMILL COTTAGE, MILL LANE, MARSTON, GRANTHAM, NG32 2HS - £412,000

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

WATERMILL COTTAGE is a very small extended detached house of 108m², built sometime before 1900. It was last sold for £412,000 in October 2020, which was around 33% above the average October 2020 detached price in the South Kesteven local authority area. The most recent EPC inspection was March 2012, where the current energy rating was E, and the potential energy rating was E.

WATERMILL COTTAGE Sold Prices

Land registry data shows two sales for WATERMILL 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 South Kesteven local authority area for the corresponding sale date. Both of the two WATERMILL 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
2020 30 OCT	£412,000	£308,927	33% above HPI
2012 20 AUG	£375,000	£218,720	71% above HPI

WATERMILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Kesteven local authority area over time, sourced from the HPI. The two WATERMILL COTTAGE sales from August 2012 and October 2020 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 2012 sale was for 71% above the HPI. So the extrapolation line tracks at 71% above the HPI over time, until the October 2020 sale, where it falls to 33% above the HPI. The line then continues to track at 33% above the HPI.

How Large is WATERMILL COTTAGE?

WATERMILL COTTAGE is 108m², which includes one extension, according to the EPC inspection conducted in March 2012. This puts it in the smallest 10% of detached houses in Marston, based on EPC data. The below chart shows the distribution of detached houses by size in Marston, and where WATERMILL COTTAGE lies on this distribution: 8% of detached houses are smaller than WATERMILL COTTAGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Marston.

WATERMILL COTTAGE: Plot and Title Map

WATERMILL COTTAGE sits on a plot of roughly 0.310 of an acre, or 1,255m². The below map shows the location of WATERMILL 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 WATERMILL 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 WATERMILL COTTAGE?

WATERMILL COTTAGE is located on MILL LANE in MARSTON, in the NG32 postcode district. The below map shows the position of WATERMILL COTTAGE on MILL LANE.