Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources
4 COTTAGE LANE is a midsized detached house of 117m², built sometime between 1991 and 1995. It was last sold for £356,950 in July 2017, which was around 12% below the average July 2017 detached price in the Bromsgrove local authority area. The most recent EPC inspection was November 2008, where the current energy rating was E, and the potential energy rating was D.
Land registry data shows four sales for 4 COTTAGE LANE since 1st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Bromsgrove local authority area for the corresponding sale date. two of the four 4 COTTAGE LANE sales were for below the average price, and four 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 |
---|---|---|---|
2017 31 JUL | £356,950 | £404,998 | 12% below HPI |
2010 14 MAY | £290,000 | £298,889 | 3% below HPI |
2004 11 OCT | £299,950 | £278,849 | 8% above HPI |
1996 2 DEC | £125,000 | £109,015 | 15% above HPI |
The below graph shows the average detached house price in the Bromsgrove local authority area over time, sourced from the HPI. The four 4 COTTAGE LANE sales between December 1996 and July 2017 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 May 2010 sale was for 3% below the HPI. So the extrapolation line tracks at 3% below the HPI over time, until the July 2017 sale, where it falls to 12% below the HPI. The line then continues to track at 12% below the HPI.
4 COTTAGE LANE is 117m² according to the EPC inspection conducted in November 2008. This puts it in the smallest 50% of detached houses in Lower Marlbrook, based on EPC data. The below chart shows the distribution of detached houses by size in Lower Marlbrook, and where 4 COTTAGE LANE lies on this distribution: 49% of detached houses are smaller than 4 COTTAGE LANE, and 51% of houses are larger. Note that EPC data is not available for all properties in Lower Marlbrook.
4 COTTAGE LANE sits on a plot of roughly 0.085 of an acre, or 344m². The below map shows the location of 4 COTTAGE LANE, 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 4 COTTAGE LANE). 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.
4 COTTAGE LANE is located in MARLBROOK, in the B60 postcode district. The below map shows the position of No. 4 on COTTAGE LANE.