HOLLY COTTAGE, CHURCH LANE, HAGWORTHINGHAM, SPILSBY, PE23 4LW - £480,000

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.

HOLLY COTTAGE is a large extended detached house of 237m², built sometime before 1900, which could now be worth an estimated £596,673. It was last sold for £480,000 in June 2020, which was around 116% above the average June 2020 detached price in the East Lindsey local authority area. The most recent EPC inspection was October 2015, where the current energy rating was D, and the potential energy rating was B.

HOLLY COTTAGE Sold Prices

Land registry data shows four sales for HOLLY 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. One of the four HOLLY COTTAGE sales was for above the average price, whilst two 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
2020 24 JUN	£480,000	£221,978	116% above HPI
2004 29 MAR	£152,000	£152,166	Close to HPI
2002 27 SEP	£110,000	£112,806	2% below HPI
1998 22 SEP	£55,000	£66,334	17% below HPI

HOLLY 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 HOLLY COTTAGE sales between September 1998 and June 2020 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 2004 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the June 2020 sale, where it rises to 116% above the HPI. The line then continues to track at 116% above the HPI.

What might HOLLY COTTAGE be worth now?

HOLLY COTTAGE might now be worth an estimated £596,673.

This is based on house price inflation of 24.3%, between June 2020 and August 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 24.3% inflationary increase is applied to the most recent sale price for HOLLY COTTAGE of £480,000 on 24th June 2020. For the value to have increased from £480,000 to £596,673 over the four years and ten months to August 2025, the following assumptions must hold true:

• The value of HOLLY COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The June 2020 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of HOLLY COTTAGE has not materially changed since June 2020.

How Large is HOLLY COTTAGE?

HOLLY COTTAGE is 237m², which includes two extensions, according to the EPC inspection conducted in October 2015. This puts it in the largest 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 HOLLY COTTAGE lies on this distribution: 76% of detached houses houses are smaller than HOLLY COTTAGE, and 24% of houses are larger. Note that EPC data is not available for all properties in Hagworthingham.

HOLLY COTTAGE: Plot and Title Map

HOLLY COTTAGE sits on a plot of roughly 0.312 of an acre, or 1,263m². The below map shows the location of HOLLY 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 HOLLY 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 HOLLY COTTAGE?

HOLLY COTTAGE is located on CHURCH LANE in HAGWORTHINGHAM, in the PE23 postcode district. The below map shows the position of HOLLY COTTAGE on CHURCH LANE.