NEW COTTAGE, BACK LANE, WOOD ENDERBY, BOSTON, PE22 7PE - £315,000

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.

NEW COTTAGE is a midsized detached house of 146m², built sometime from 2007 onwards, which could now be worth an estimated £410,756. It was last sold for £315,000 in February 2018, which was around 49% above the average February 2018 detached price in the East Lindsey local authority area. The most recent EPC inspection was August 2017, where the current energy rating was C, and the potential energy rating was B.

NEW COTTAGE Sold Prices

Land registry data shows two sales for NEW 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. One of the two NEW COTTAGE sales was for above the average price, whilst the other was 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
2018 28 FEB	£315,000	£211,608	49% above HPI
2007 13 APR	£90,000	£189,158	52% below HPI

NEW 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 NEW COTTAGE sales from April 2007 and February 2018 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 April 2007 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the February 2018 sale, where it rises to 49% above the HPI. The line then continues to track at 49% above the HPI.

What might NEW COTTAGE be worth now?

NEW COTTAGE might now be worth an estimated £410,756.

This is based on house price inflation of 30.4%, between February 2018 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 30.4% inflationary increase is applied to the most recent sale price for NEW COTTAGE of £315,000 on 28th February 2018. For the value to have increased from £315,000 to £410,756 over the six years and six months to August 2025, the following assumptions must hold true:

• The value of NEW COTTAGE has moved in line with the HPI for detached houses in the East Lindsey local authority area.
• The February 2018 sale price of £315,000 represented a fair market value for the property.
• The size, condition, and specification of NEW COTTAGE has not materially changed since February 2018.

How Large is NEW COTTAGE?

NEW COTTAGE is 146m² according to the EPC inspection conducted in August 2017. This puts it in the largest 50% of detached houses houses in Wood Enderby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wood Enderby, and where NEW COTTAGE lies on this distribution: 52% of detached houses houses are smaller than NEW COTTAGE, and 48% of houses are larger. Note that EPC data is not available for all properties in Wood Enderby.

NEW COTTAGE: Plot and Title Map

NEW COTTAGE sits on a plot of roughly 0.120 of an acre, or 485m². The below map shows the location of NEW 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 NEW 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 NEW COTTAGE?

NEW COTTAGE is located on BACK LANE in WOOD ENDERBY, in the PE22 postcode district. The below map shows the position of NEW COTTAGE on BACK LANE.