MILL COTTAGE, SUTTON ROAD, TRUSTHORPE, MABLETHORPE, LN12 2PD - £129,000

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.

MILL COTTAGE is a small extended detached house of 75m², built sometime between 1900 and 1929, which could now be worth an estimated £175,657. It was last sold for £129,000 in February 2017, which was around 36% below the average February 2017 detached price in the East Lindsey local authority area. The most recent EPC inspection was February 2010, where the current energy rating was E, and the potential energy rating was E.

MILL COTTAGE Sold Prices

Land registry data shows two sales for MILL COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Lindsey local authority area for the corresponding sale date. Both of the two MILL 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
2017 28 FEB	£129,000	£202,230	36% below HPI
1998 26 FEB	£38,950	£63,294	38% below HPI

MILL 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 two MILL COTTAGE sales from February 1998 and February 2017 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 1998 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the February 2017 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £175,657.

This is based on house price inflation of 36.2%, between February 2017 and May 2026, 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 36.2% inflationary increase is applied to the most recent sale price for MILL COTTAGE of £129,000 on 28th February 2017. For the value to have increased from £129,000 to £175,657 over the eight years and nine months to May 2026, the following assumptions must hold true:

• The value of MILL COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2017 sale price of £129,000 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since February 2017.

How Large is MILL COTTAGE?

MILL COTTAGE is 75m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the smallest 30% of detached houses houses in Trusthorpe, based on EPC data. The below chart shows the distribution of detached houses houses by size in Trusthorpe, and where MILL COTTAGE lies on this distribution: 26% of detached houses houses are smaller than MILL COTTAGE, and 73% of houses are larger. Note that EPC data is not available for all properties in Trusthorpe.

Where is MILL COTTAGE?

MILL COTTAGE is located on SUTTON ROAD in TRUSTHORPE, in the LN12 postcode district. The below map shows the position of MILL COTTAGE on SUTTON ROAD.