WHITE COTTAGE, CHOP HILLS, WAINFLEET, SKEGNESS, PE24 4NA - £144,000

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

WHITE COTTAGE is a very small extended detached house of 56m², built sometime before 1900, which could now be worth an estimated £191,981. It was last sold for £144,000 in June 2018, which was around 33% below the average June 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was March 2014, where the current energy rating was G, and the potential energy rating was A.

WHITE COTTAGE Sold Prices

Land registry data shows three sales for WHITE 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. All of the three WHITE 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
2018 14 JUN	£144,000	£213,690	33% below HPI
2015 12 MAY	£120,000	£182,582	34% below HPI
2014 6 JUN	£110,000	£176,720	38% below HPI

WHITE 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 WHITE COTTAGE sales between June 2014 and June 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 May 2015 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the June 2018 sale, where it rises to 33% below the HPI. The line then continues to track at 33% below the HPI.

What might WHITE COTTAGE be worth now?

WHITE COTTAGE might now be worth an estimated £191,981.

This is based on house price inflation of 33.3%, between June 2018 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 33.3% inflationary increase is applied to the most recent sale price for WHITE COTTAGE of £144,000 on 14th June 2018. For the value to have increased from £144,000 to £191,981 over the five years and six months to December 2024, the following assumptions must hold true:

• The value of WHITE COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2018 sale price of £144,000 represented a fair market value for the property.
• The size, condition, and specification of WHITE COTTAGE has not materially changed since June 2018.

How Large is WHITE COTTAGE?

WHITE COTTAGE is 56m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% of detached houses houses in Wainfleet All Saints, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wainfleet All Saints, and where WHITE COTTAGE lies on this distribution: 8% of detached houses houses are smaller than WHITE COTTAGE, and 90% of houses are larger. Note that EPC data is not available for all properties in Wainfleet All Saints.

WHITE COTTAGE: Plot and Title Map

WHITE COTTAGE sits on a plot of roughly 0.340 of an acre, or 1,377m². The below map shows the location of WHITE 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 WHITE 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 WHITE COTTAGE?

WHITE COTTAGE is located on CHOP HILLS in WAINFLEET, in the PE24 postcode district. The below map shows the position of WHITE COTTAGE on CHOP HILLS.