LEA COTTAGE, RED LANE, OXTED, RH8 0RU - £1,000,000

LEA COTTAGE is a very large extended detached house of 282m², built sometime between 1950 and 1966. It was last sold for £1,000,000 in March 2021, which was around 22% above the average March 2021 detached price in the Tandridge local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was D.

LEA COTTAGE Sold Prices

Land registry data shows two sales for LEA COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. Both of the two LEA 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
2021 3 MAR	£1,000,000	£820,914	22% above HPI
2011 25 FEB	£812,500	£537,549	51% above HPI

LEA COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tandridge local authority area over time, sourced from the HPI. The two LEA COTTAGE sales from February 2011 and March 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 February 2011 sale was for 51% above the HPI. So the extrapolation line tracks at 51% above the HPI over time, until the March 2021 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

How Large is LEA COTTAGE?

LEA COTTAGE is 282m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the largest 20% of detached houses in Oxted, based on EPC data. The below chart shows the distribution of detached houses by size in Oxted, and where LEA COTTAGE lies on this distribution: 89% of detached houses are smaller than LEA COTTAGE, and 11% of houses are larger. Note that EPC data is not available for all properties in Oxted.

LEA COTTAGE: Plot and Title Map

LEA COTTAGE sits on a plot of roughly 0.506 of an acre, or 2,048m². The below map shows the location of LEA 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 LEA 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 LEA COTTAGE?

LEA COTTAGE is located on RED LANE in OXTED, in the RH8 postcode district. The below map shows the position of LEA COTTAGE on RED LANE.