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

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

WHITE COTTAGE is a very small extended detached house of 56m², built sometime before 1900. It was last sold for £144,000 in June 2018, which was around 32% 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	£210,621	32% below HPI
2015 12 MAY	£120,000	£179,959	33% below HPI
2014 6 JUN	£110,000	£174,182	37% 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 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the June 2018 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

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 in Wainfleet All Saints, based on EPC data. The below chart shows the distribution of detached houses by size in Wainfleet All Saints, and where WHITE COTTAGE lies on this distribution: 8% of detached houses are smaller than WHITE COTTAGE, and 89% 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.