CHERRY COTTAGE, RASEN ROAD, TEALBY, MARKET RASEN, LN8 3XL - £552,500

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.

CHERRY COTTAGE is a large extended detached house of 193m², built sometime before 1900, which could now be worth an estimated £517,117. It was last sold for £552,500 in August 2022, which was around 88% above the average August 2022 detached price in the West Lindsey local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was A.

CHERRY COTTAGE Sold Prices

Land registry data shows four sales for CHERRY 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 West Lindsey local authority area for the corresponding sale date. All of the four CHERRY 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
2022 26 AUG	£552,500	£293,139	88% above HPI
2021 24 MAR	£450,000	£254,445	77% above HPI
2019 18 MAR	£485,000	£225,647	115% above HPI
2009 7 AUG	£270,000	£180,755	49% above HPI

CHERRY 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 four CHERRY COTTAGE sales between August 2009 and August 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 March 2021 sale was for 77% above the HPI. So the extrapolation line tracks at 77% above the HPI over time, until the August 2022 sale, where it rises to 88% above the HPI. The line then continues to track at 88% above the HPI.

What might CHERRY COTTAGE be worth now?

CHERRY COTTAGE might now be worth an estimated £517,117.

This is based on house price deflation of 6.4%, between August 2022 and June 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 6.4% deflationary decrease is applied to the most recent sale price for CHERRY COTTAGE of £552,500 on 26th August 2022. For the value to have decreased from £552,500 to £517,117 over the three years and two months to June 2025, the following assumptions must hold true:

• The value of CHERRY COTTAGE has moved in line with the HPI for detached houses in the West Lindsey local authority area.
• The August 2022 sale price of £552,500 represented a fair market value for the property.
• The size, condition, and specification of CHERRY COTTAGE has not materially changed since August 2022.

How Large is CHERRY COTTAGE?

CHERRY COTTAGE is 193m², which includes one extension, according to the EPC inspection conducted in February 2019. This puts it in the largest 30% of detached houses houses in Tealby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tealby, and where CHERRY COTTAGE lies on this distribution: 76% of detached houses houses are smaller than CHERRY COTTAGE, and 24% of houses are larger. Note that EPC data is not available for all properties in Tealby.

CHERRY COTTAGE: Plot and Title Map

CHERRY COTTAGE sits on a plot of roughly 0.286 of an acre, or 1,159m². The below map shows the location of CHERRY 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 CHERRY 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 CHERRY COTTAGE?

CHERRY COTTAGE is located on RASEN ROAD in TEALBY, in the LN8 postcode district. The below map shows the position of CHERRY COTTAGE on RASEN ROAD.