GROTTO HOUSE, WALK MILL ROAD, HAYFIELD, HIGH PEAK, SK22 2ER - £645,000

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.

GROTTO HOUSE is a small extended detached house of 112m², built sometime before 1900, which could now be worth an estimated £697,043. It was last sold for £645,000 in October 2022, which was around 56% above the average October 2022 detached price in the High Peak local authority area. The most recent EPC inspection was October 2012, where the current energy rating was D, and the potential energy rating was C.

GROTTO HOUSE Sold Prices

Land registry data shows three sales for GROTTO HOUSE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the High Peak local authority area for the corresponding sale date. All of the three GROTTO HOUSE 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
2022 14 OCT	£645,000	£413,177	56% above HPI
2006 8 SEP	£320,000	£260,826	23% above HPI
2001 2 APR	£155,000	£129,327	20% above HPI

GROTTO HOUSE Price Paid vs. HPI Average

The below graph shows the average detached house price in the High Peak local authority area over time, sourced from the HPI. The three GROTTO HOUSE sales between April 2001 and October 2022 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 September 2006 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the October 2022 sale, where it rises to 56% above the HPI. The line then continues to track at 56% above the HPI.

What might GROTTO HOUSE be worth now?

GROTTO HOUSE might now be worth an estimated £697,043.

This is based on house price inflation of 8.1%, between October 2022 and March 2025, for detached houses, in the High Peak local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.1% inflationary increase is applied to the most recent sale price for GROTTO HOUSE of £645,000 on 14th October 2022. For the value to have increased from £645,000 to £697,043 over the three years and seven months to March 2025, the following assumptions must hold true:

• The value of GROTTO HOUSE has moved in line with the HPI for detached houses in the High Peak local authority area.
• The October 2022 sale price of £645,000 represented a fair market value for the property.
• The size, condition, and specification of GROTTO HOUSE has not materially changed since October 2022.

How Large is GROTTO HOUSE?

GROTTO HOUSE is 112m², which includes one extension, according to the EPC inspection conducted in October 2012. This puts it in the smallest 40% of detached houses houses in Hayfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hayfield, and where GROTTO HOUSE lies on this distribution: 33% of detached houses houses are smaller than GROTTO HOUSE, and 67% of houses are larger. Note that EPC data is not available for all properties in Hayfield.

GROTTO HOUSE: Plot and Title Map

GROTTO HOUSE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of GROTTO HOUSE, 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 GROTTO HOUSE). 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 GROTTO HOUSE?

GROTTO HOUSE is located on WALK MILL ROAD in HAYFIELD, in the SK22 postcode district. The below map shows the position of GROTTO HOUSE on WALK MILL ROAD.