WELLS COTTAGE, COOTS LANE, MUMBY, ALFORD, LN13 9JZ - £187,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

WELLS COTTAGE is a small detached house of 76m², built sometime between 2003 and 2006, which could now be worth an estimated £257,081. It was last sold for £187,000 in April 2018, which was around 10% below the average April 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was April 2024, where the current energy rating was C, and the potential energy rating was B.

WELLS COTTAGE Sold Prices

Land registry data shows three sales for WELLS 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 East Lindsey local authority area for the corresponding sale date. The three WELLS COTTAGE sales were a mix of below the average price, and roughly equal to 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
2018 27 APR	£187,000	£208,219	10% below HPI
2017 10 MAR	£170,000	£205,977	17% below HPI
2010 15 OCT	£172,500	£172,153	Close to HPI

WELLS 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 three WELLS COTTAGE sales between October 2010 and April 2018 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 March 2017 sale was for 17% below the HPI. So the extrapolation line tracks at 17% below the HPI over time, until the April 2018 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might WELLS COTTAGE be worth now?

WELLS COTTAGE might now be worth an estimated £257,081.

This is based on house price inflation of 37.5%, between April 2018 and February 2025, 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 37.5% inflationary increase is applied to the most recent sale price for WELLS COTTAGE of £187,000 on 27th April 2018. For the value to have increased from £187,000 to £257,081 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of WELLS COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The April 2018 sale price of £187,000 represented a fair market value for the property.
• The size, condition, and specification of WELLS COTTAGE has not materially changed since April 2018.

How Large is WELLS COTTAGE?

WELLS COTTAGE is 76m² according to the EPC inspection conducted in April 2024. This puts it in the smallest 30% of detached houses houses in Mumby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mumby, and where WELLS COTTAGE lies on this distribution: 25% of detached houses houses are smaller than WELLS COTTAGE, and 71% of houses are larger. Note that EPC data is not available for all properties in Mumby.

WELLS COTTAGE: Plot and Title Map

WELLS COTTAGE sits on a plot of roughly 0.105 of an acre, or 423m². The below map shows the location of WELLS 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 WELLS 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 WELLS COTTAGE?

WELLS COTTAGE is located on COOTS LANE in MUMBY, in the LN13 postcode district. The below map shows the position of WELLS COTTAGE on COOTS LANE.