WOODBINE COTTAGE, GREAT STEEPING, SPILSBY, PE23 5PN - £274,950

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 150m², built sometime before 1900, which could now be worth an estimated £357,687. It was last sold for £274,950 in July 2019, which was around 25% above the average July 2019 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was B.

WOODBINE COTTAGE Sold Prices

Land registry data shows four sales for WOODBINE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. All of the four 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
2019 24 JUL	£274,950	£220,039	25% above HPI
2016 16 MAR	£247,000	£188,811	31% above HPI
2006 1 DEC	£250,000	£180,421	39% above HPI
1997 30 JUN	£69,500	£60,976	14% above HPI

WOODBINE 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 four WOODBINE COTTAGE sales between June 1997 and July 2019 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 2016 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the July 2019 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might WOODBINE COTTAGE be worth now?

WOODBINE COTTAGE might now be worth an estimated £357,687.

This is based on house price inflation of 30.1%, between July 2019 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 30.1% inflationary increase is applied to the most recent sale price for WOODBINE COTTAGE of £274,950 on 24th July 2019. For the value to have increased from £274,950 to £357,687 over the six years and five 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 East Lindsey local authority area.
• The July 2019 sale price of £274,950 represented a fair market value for the property.
• The size, condition, and specification of WOODBINE COTTAGE has not materially changed since July 2019.

How Large is WOODBINE COTTAGE?

WOODBINE COTTAGE is 150m², which includes one extension, according to the EPC inspection conducted in June 2019. This puts it in the largest 10% of detached houses houses in Great Steeping, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Steeping, and where WOODBINE COTTAGE lies on this distribution: 91% of detached houses houses are smaller than WOODBINE COTTAGE, and 9% of houses are larger. Note that EPC data is not available for all properties in Great Steeping.

WOODBINE COTTAGE: Plot and Title Map

WOODBINE COTTAGE sits on a plot of roughly 0.285 of an acre, or 1,155m². 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 in GREAT STEEPING, in the PE23 postcode district. The below map shows the position of WOODBINE COTTAGE in GREAT STEEPING.