Honeypot Cottage Mill Lane

    HONEYPOT COTTAGE, MILL LANE, BURGH ON BAIN, MARKET RASEN, LN8 6JZ

    This detached freehold property on Mill Lane last sold in January 2021 for £475,000. Based on price growth in the LN8 district since then, its estimated current value is £471,600 — placing it in the 76th percentile nationally and the 91st percentile within LN8. The property covers 253 m² (2,723 sq ft), giving an estimated value of £1,864 per m². The EPC rating is E, with a potential rating of C.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    2,723 sq ft

    253 m²

    Last Sale Price

    £475,000

    Jan 2021

    Estimated Valuation

    £471,600

    Est. £/sq ft

    £173/sq ft

    £1,864/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: before 1900
    Habitable rooms5
    Main fueloil (not community)
    EPC currentE
    EPC potentialC
    Floor area2,723 sq ft (253 m²)
    EPC dateOct 2020
    WallsCavity wall, filled cavity
    HeatingBoiler and radiators, oil

    Transaction History

    27 Jan 2021

    £475,000

    16 Aug 2010

    £365,000

    Key Metrics

    Estimated valuation£471,600
    Value per sq ft / m²£173/sq ft (£1,864/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    LN8 district percentile91st percentile
    National percentile76th percentile

    District Context — LN8

    LN8 covers the coastal and rural areas around Alford and Spilsby in east Lincolnshire, situated inland from the North Sea coast. It is a predominantly rural postcode with a characterful, quieter appeal suited to those seeking a countryside setting away from urban centres.

    Average Property Price - LN8

    £264,976

    32

    National percentile

    Average Net Household Income - LN8

    £37,112

    45

    National percentile

    10-Year Annualised Price Growth - LN8

    4.0%

    68

    National percentile

    10-Year Annualised Rent Growth - LN

    4.2%

    64

    National percentile

    View full analysis for LN8

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