2, MILL COTTAGES, MILL LANE, BROOM, ALCESTER, B50 4HR - £377,000

2 MILL COTTAGES is a very small detached house of 106m², built sometime between 1976 and 1982. It was last sold for £377,000 in May 2012, which was around 3% above the average May 2012 detached price in the Stratford-on-Avon local authority area. The most recent EPC inspection was November 2011, where the current energy rating was D, and the potential energy rating was C.

2 MILL COTTAGES Sold Prices

Land registry data shows three sales for 2 MILL COTTAGES since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Stratford-on-Avon local authority area for the corresponding sale date. One of the three 2 MILL COTTAGES sales was for above the average price, whilst two 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
2012 23 MAY	£377,000	£366,747	3% above HPI
1996 9 DEC	£121,500	£128,164	5% below HPI
1995 31 OCT	£109,000	£120,977	10% below HPI

2 MILL COTTAGES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Stratford-on-Avon local authority area over time, sourced from the HPI. The three 2 MILL COTTAGES sales between October 1995 and May 2012 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 December 1996 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the May 2012 sale, where it rises to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is 2 MILL COTTAGES?

2 MILL COTTAGES is 106m² according to the EPC inspection conducted in November 2011. This puts it in the smallest 20% of detached houses in Broom, based on EPC data. The below chart shows the distribution of detached houses by size in Broom, and where 2 MILL COTTAGES lies on this distribution: 14% of detached houses are smaller than 2 MILL COTTAGES, and 86% of houses are larger. Note that EPC data is not available for all properties in Broom.

2 MILL COTTAGES: Plot and Title Map

2 MILL COTTAGES sits on a plot of roughly 0.080 of an acre, or 322m². The below map shows the location of 2 MILL COTTAGES, 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 2 MILL COTTAGES). 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 2 MILL COTTAGES?

2 MILL COTTAGES is located on MILL LANE in BROOM, in the B50 postcode district. The below map shows the position of 2 MILL COTTAGES on MILL LANE.