WOODBINE COTTAGE, BRIGG ROAD, CAISTOR, MARKET RASEN, LN7 6RX - £520,000

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.

WOODBINE COTTAGE is a very large extended detached house of 173m², built sometime between 1967 and 1975, which could now be worth an estimated £593,973. It was last sold for £520,000 in May 2021, which was around 104% above the average May 2021 detached price in the West Lindsey local authority area. The most recent EPC inspection was May 2015, where the current energy rating was D, and the potential energy rating was A.

WOODBINE COTTAGE Sold Prices

Land registry data shows three sales for WOODBINE 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 West Lindsey local authority area for the corresponding sale date. All of the three WOODBINE 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
2021 13 MAY	£520,000	£254,859	104% above HPI
2016 17 FEB	£410,000	£197,698	107% above HPI
2003 11 AUG	£295,000	£144,733	104% above HPI

WOODBINE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Lindsey local authority area over time, sourced from the HPI. The three WOODBINE COTTAGE sales between August 2003 and May 2021 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 February 2016 sale was for 107% above the HPI. So the extrapolation line tracks at 107% above the HPI over time, until the May 2021 sale, where it falls to 104% above the HPI. The line then continues to track at 104% above the HPI.

What might WOODBINE COTTAGE be worth now?

WOODBINE COTTAGE might now be worth an estimated £593,973.

This is based on house price inflation of 14.2%, between May 2021 and February 2025, for detached houses, in the West Lindsey local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.2% inflationary increase is applied to the most recent sale price for WOODBINE COTTAGE of £520,000 on 13th May 2021. For the value to have increased from £520,000 to £593,973 over the four years and three months to February 2025, the following assumptions must hold true:

• The value of WOODBINE COTTAGE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The May 2021 sale price of £520,000 represented a fair market value for the property.
• The size, condition, and specification of WOODBINE COTTAGE has not materially changed since May 2021.

How Large is WOODBINE COTTAGE?

WOODBINE COTTAGE is 173m², which includes one extension, according to the EPC inspection conducted in May 2015. This puts it in the largest 20% of detached houses houses in Caistor, based on EPC data. The below chart shows the distribution of detached houses houses by size in Caistor, and where WOODBINE COTTAGE lies on this distribution: 87% of detached houses houses are smaller than WOODBINE COTTAGE, and 12% of houses are larger. Note that EPC data is not available for all properties in Caistor.

WOODBINE COTTAGE: Plot and Title Map

WOODBINE COTTAGE sits on a plot of roughly 4.9 acres, or 19,884m². The below map shows the location of WOODBINE 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 WOODBINE 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 WOODBINE COTTAGE?

WOODBINE COTTAGE is located on BRIGG ROAD in CAISTOR, in the LN7 postcode district. The below map shows the position of WOODBINE COTTAGE on BRIGG ROAD.