THE COTTAGE, MILL LANE, NORTH KELSEY, MARKET RASEN, LN7 6ED - £265,000

THE COTTAGE is a large extended detached house of 165m², built sometime before 1900. It was last sold for £265,000 in August 2016, which was around 31% above the average August 2016 detached price in the West Lindsey local authority area. The most recent EPC inspection was March 2017, where the current energy rating was F, and the potential energy rating was C.

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 West Lindsey local authority area for the corresponding sale date. One of the two THE 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
2016 15 AUG	£265,000	£202,460	31% above HPI
1996 25 OCT	£30,000	£62,799	52% below HPI

THE 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 two THE COTTAGE sales from October 1996 and August 2016 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 October 1996 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the August 2016 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 165m², which includes one extension, according to the EPC inspection conducted in March 2017. This puts it in the largest 40% of detached houses in North Kelsey, based on EPC data. The below chart shows the distribution of detached houses by size in North Kelsey, and where THE COTTAGE lies on this distribution: 67% of detached houses are smaller than THE COTTAGE, and 33% of houses are larger. Note that EPC data is not available for all properties in North Kelsey.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.170 of an acre, or 686m². 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 MILL LANE in NORTH KELSEY, in the LN7 postcode district. The below map shows the position of THE COTTAGE on MILL LANE.