WILLOW COTTAGE, HIGH STREET, HAGWORTHINGHAM, SPILSBY, PE23 4NA - £248,320

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

WILLOW COTTAGE is a small extended detached house of 106m², built sometime before 1900, which could now be worth an estimated £263,285. It was last sold for £248,320 in February 2022, which was around 8% below the average February 2022 detached price in the East Lindsey local authority area. The most recent EPC inspection was November 2021, where the current energy rating was G, and the potential energy rating was C.

WILLOW COTTAGE Sold Prices

Land registry data shows six sales for WILLOW COTTAGE since 1^st January 1995. The below table shows the price paid for the six sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Most of the six WILLOW 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
2022 17 FEB	£248,320	£268,699	8% below HPI
2015 16 JUL	£147,000	£184,584	20% below HPI
2010 23 SEP	£140,000	£170,633	18% below HPI
2010 7 MAY	£130,000	£174,415	25% below HPI
2008 30 APR	£199,950	£179,789	11% above HPI
1997 3 OCT	£38,000	£62,257	39% below HPI

WILLOW 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 six WILLOW COTTAGE sales between October 1997 and February 2022 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 July 2015 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the February 2022 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might WILLOW COTTAGE be worth now?

WILLOW COTTAGE might now be worth an estimated £263,285.

This is based on house price inflation of 6%, between February 2022 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% inflationary increase is applied to the most recent sale price for WILLOW COTTAGE of £248,320 on 17th February 2022. For the value to have increased from £248,320 to £263,285 over the one year and two months to December 2024, the following assumptions must hold true:

• The value of WILLOW COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2022 sale price of £248,320 represented a fair market value for the property.
• The size, condition, and specification of WILLOW COTTAGE has not materially changed since February 2022.

How Large is WILLOW COTTAGE?

WILLOW COTTAGE is 106m², which includes two extensions, according to the EPC inspection conducted in November 2021. 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 WILLOW COTTAGE lies on this distribution: 20% of detached houses houses are smaller than WILLOW COTTAGE, and 80% of houses are larger. Note that EPC data is not available for all properties in Hagworthingham.

WILLOW COTTAGE: Plot and Title Map

WILLOW COTTAGE sits on a plot of roughly 0.178 of an acre, or 719m². The below map shows the location of WILLOW 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 WILLOW 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 WILLOW COTTAGE?

WILLOW COTTAGE is located on HIGH STREET in HAGWORTHINGHAM, in the PE23 postcode district. The below map shows the position of WILLOW COTTAGE on HIGH STREET.