2, RAILWAY COTTAGES, OLD REDBRIDGE ROAD, SOUTHAMPTON, SO15 0NU - £200,000

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.

2 RAILWAY COTTAGES is a very small terraced house of 63m², built sometime between 1900 and 1929, which could now be worth an estimated £227,522. It was last sold for £200,000 in May 2021, which was around 8% below the average May 2021 terraced price in the Southampton local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was B.

2 RAILWAY COTTAGES Sold Prices

Land registry data shows four sales for 2 RAILWAY COTTAGES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the Southampton local authority area for the corresponding sale date. Most of the four 2 RAILWAY COTTAGES sales 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
2021 7 MAY	£200,000	£217,581	8% below HPI
2015 11 DEC	£161,000	£184,217	13% below HPI
2006 12 JAN	£137,000	£140,561	3% below HPI
2003 28 MAR	£139,000	£113,966	22% above HPI

2 RAILWAY COTTAGES Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Southampton local authority area over time, sourced from the HPI. The four 2 RAILWAY COTTAGES sales between March 2003 and May 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 December 2015 sale was for 13% below the HPI. So the extrapolation line tracks at 13% below the HPI over time, until the May 2021 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might 2 RAILWAY COTTAGES be worth now?

2 RAILWAY COTTAGES might now be worth an estimated £227,522.

This is based on house price inflation of 13.8%, between May 2021 and July 2025, for terraced houses, in the Southampton local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 13.8% inflationary increase is applied to the most recent sale price for 2 RAILWAY COTTAGES of £200,000 on 7th May 2021. For the value to have increased from £200,000 to £227,522 over the three years and ten months to July 2025, the following assumptions must hold true:

• The value of 2 RAILWAY COTTAGES has moved in line with the HPI for terraced houses in the Southampton local authority area.
• The May 2021 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 2 RAILWAY COTTAGES has not materially changed since May 2021.

How Large is 2 RAILWAY COTTAGES?

2 RAILWAY COTTAGES is 63m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 10% of terraced houses houses in Southampton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Southampton, and where 2 RAILWAY COTTAGES lies on this distribution: 8% of terraced houses houses are smaller than 2 RAILWAY COTTAGES, and 92% of houses are larger. Note that EPC data is not available for all properties in Southampton.

2 RAILWAY COTTAGES: Plot and Title Map

2 RAILWAY COTTAGES sits on a plot of roughly 0.031 of an acre, or 124m². The below map shows the location of 2 RAILWAY 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 RAILWAY 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 RAILWAY COTTAGES?

2 RAILWAY COTTAGES is located on OLD REDBRIDGE ROAD in SOUTHAMPTON, in the SO15 postcode district. The below map shows the position of 2 RAILWAY COTTAGES on OLD REDBRIDGE ROAD.