THE COTTAGE, LUDFORD ROAD, BINBROOK, MARKET RASEN, LN8 6DR - £420,000

THE COTTAGE is a very large extended detached house of 216m², built sometime before 1900. It was last sold for £420,000 in November 2021, which was around 60% above the average November 2021 detached price in the East Lindsey local authority area. The most recent EPC inspection was June 2023, where the current energy rating was E, and the potential energy rating was D.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE 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 THE 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
2021 30 NOV	£420,000	£262,832	60% above HPI
2012 10 JUL	£240,000	£162,579	48% above HPI

THE 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 THE COTTAGE sales from July 2012 and November 2021 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 July 2012 sale was for 48% above the HPI. So the extrapolation line tracks at 48% above the HPI over time, until the November 2021 sale, where it rises to 60% above the HPI. The line then continues to track at 60% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 216m², which includes two extensions, according to the EPC inspection conducted in June 2023. This puts it in the largest 10% of detached houses in Binbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Binbrook, and where THE COTTAGE lies on this distribution: 98% of detached houses are smaller than THE COTTAGE, and 2% of houses are larger. Note that EPC data is not available for all properties in Binbrook.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.178 of an acre, or 719m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on LUDFORD ROAD in BINBROOK, in the LN8 postcode district. The below map shows the position of THE COTTAGE on LUDFORD ROAD.