ALDERMAN COTTAGE, AUSTWICK, LANCASTER, LA2 8BB - £355,000

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.

ALDERMAN COTTAGE is a small extended terraced house of 106m², built sometime before 1900, which could now be worth an estimated £487,667. It was last sold for £355,000 in June 2015, which was around 127% above the average June 2015 terraced price in the North Yorkshire local authority area. The most recent EPC inspection was December 2009, where the current energy rating was E, and the potential energy rating was D.

ALDERMAN COTTAGE Sold Prices

Land registry data shows four sales for ALDERMAN COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average terraced price in the North Yorkshire local authority area for the corresponding sale date. All of the four ALDERMAN COTTAGE sales 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
2015 2 JUN	£355,000	£156,215	127% above HPI
2002 15 NOV	£175,000	£85,302	105% above HPI
2000 22 NOV	£115,000	£59,097	95% above HPI
1996 20 JUN	£87,500	£44,349	97% above HPI

ALDERMAN COTTAGE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Yorkshire local authority area over time, sourced from the HPI. The four ALDERMAN COTTAGE sales between June 1996 and June 2015 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 November 2002 sale was for 105% above the HPI. So the extrapolation line tracks at 105% above the HPI over time, until the June 2015 sale, where it rises to 127% above the HPI. The line then continues to track at 127% above the HPI.

What might ALDERMAN COTTAGE be worth now?

ALDERMAN COTTAGE might now be worth an estimated £487,667.

This is based on house price inflation of 37.4%, between June 2015 and June 2025, for terraced houses, in the North Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 37.4% inflationary increase is applied to the most recent sale price for ALDERMAN COTTAGE of £355,000 on 2nd June 2015. For the value to have increased from £355,000 to £487,667 over the ten years to June 2025, the following assumptions must hold true:

• The value of ALDERMAN COTTAGE has moved in line with the HPI for terraced houses in the North Yorkshire local authority area.
• The June 2015 sale price of £355,000 represented a fair market value for the property.
• The size, condition, and specification of ALDERMAN COTTAGE has not materially changed since June 2015.

How Large is ALDERMAN COTTAGE?

ALDERMAN COTTAGE is 106m², which includes two extensions, according to the EPC inspection conducted in December 2009. This puts it in the smallest 30% of terraced houses houses in Austwick, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Austwick, and where ALDERMAN COTTAGE lies on this distribution: 27% of terraced houses houses are smaller than ALDERMAN COTTAGE, and 73% of houses are larger. Note that EPC data is not available for all properties in Austwick.

ALDERMAN COTTAGE: Plot and Title Map

ALDERMAN COTTAGE sits on a plot of roughly 0.111 of an acre, or 451m². The below map shows the location of ALDERMAN 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 ALDERMAN 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 ALDERMAN COTTAGE?

ALDERMAN COTTAGE is located in AUSTWICK, in the LA2 postcode district. The below map shows the position of ALDERMAN COTTAGE in AUSTWICK.