MARTIN COTTAGE, THE WOOLROOMS, COLEORTON, COALVILLE, LE67 8JN - £470,000

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.

MARTIN COTTAGE is a small extended detached house of 144m², built sometime before 1900, which could now be worth an estimated £661,539. It was last sold for £470,000 in August 2017, which was around 68% above the average August 2017 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was August 2016, where the current energy rating was E, and the potential energy rating was B.

MARTIN COTTAGE Sold Prices

Land registry data shows five sales for MARTIN COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North West Leicestershire local authority area for the corresponding sale date. All of the five MARTIN 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
2017 4 AUG	£470,000	£279,376	68% above HPI
2014 27 AUG	£400,000	£243,073	65% above HPI
2008 7 MAR	£393,500	£240,261	64% above HPI
2001 29 JUN	£198,000	£119,233	66% above HPI
1999 23 APR	£141,500	£90,023	57% above HPI

MARTIN COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The five MARTIN COTTAGE sales between April 1999 and August 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 August 2014 sale was for 65% above the HPI. So the extrapolation line tracks at 65% above the HPI over time, until the August 2017 sale, where it rises to 68% above the HPI. The line then continues to track at 68% above the HPI.

What might MARTIN COTTAGE be worth now?

MARTIN COTTAGE might now be worth an estimated £661,539.

This is based on house price inflation of 40.8%, between August 2017 and March 2025, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40.8% inflationary increase is applied to the most recent sale price for MARTIN COTTAGE of £470,000 on 4th August 2017. For the value to have increased from £470,000 to £661,539 over the eight years and five months to March 2025, the following assumptions must hold true:

• The value of MARTIN COTTAGE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The August 2017 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of MARTIN COTTAGE has not materially changed since August 2017.

How Large is MARTIN COTTAGE?

MARTIN COTTAGE is 144m², which includes four extensions, according to the EPC inspection conducted in August 2016. This puts it in the smallest 40% of detached houses houses in Coleorton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coleorton, and where MARTIN COTTAGE lies on this distribution: 31% of detached houses houses are smaller than MARTIN COTTAGE, and 68% of houses are larger. Note that EPC data is not available for all properties in Coleorton.

MARTIN COTTAGE: Plot and Title Map

MARTIN COTTAGE sits on a plot of roughly 0.217 of an acre, or 879m². The below map shows the location of MARTIN 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 MARTIN 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 MARTIN COTTAGE?

MARTIN COTTAGE is located on THE WOOLROOMS in COLEORTON, in the LE67 postcode district. The below map shows the position of MARTIN COTTAGE on THE WOOLROOMS.