LOCK COTTAGE, LOCK STREET, WORCESTER, WR5 1AL - £240,000

LOCK COTTAGE is a large detached house of 120m², built sometime before 1900. It was last sold for £240,000 in October 2021, which was around 38% below the average October 2021 detached price in the Worcester local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

LOCK COTTAGE Sold Prices

Land registry data shows three sales for LOCK COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Worcester local authority area for the corresponding sale date. All of the three LOCK COTTAGE 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 27 OCT	£240,000	£386,734	38% below HPI
2019 31 JUL	£245,000	£341,847	28% below HPI
2004 26 MAR	£186,000	£227,366	18% below HPI

LOCK COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Worcester local authority area over time, sourced from the HPI. The three LOCK COTTAGE sales between March 2004 and October 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 July 2019 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the October 2021 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is LOCK COTTAGE?

LOCK COTTAGE is 120m² according to the EPC inspection conducted in September 2018. This puts it in the largest 40% of detached houses in Worcester, based on EPC data. The below chart shows the distribution of detached houses by size in Worcester, and where LOCK COTTAGE lies on this distribution: 61% of detached houses are smaller than LOCK COTTAGE, and 38% of houses are larger. Note that EPC data is not available for all properties in Worcester.

LOCK COTTAGE: Plot and Title Map

LOCK COTTAGE sits on a plot of roughly 0.023 of an acre, or 94m². The below map shows the location of LOCK 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 LOCK 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 LOCK COTTAGE?

LOCK COTTAGE is located on LOCK STREET in WORCESTER, in the WR5 postcode district. The below map shows the position of LOCK COTTAGE on LOCK STREET.