OAK COTTAGE, NEW ROAD, TIMSBURY, ROMSEY, SO51 0NL - £515,000

OAK COTTAGE is a very small extended detached house of 111m², built sometime between 2003 and 2006. It was last sold for £515,000 in February 2019, which was around 1% above the average February 2019 detached price in the Test Valley local authority area. The most recent EPC inspection was July 2018, where the current energy rating was C, and the potential energy rating was B.

OAK COTTAGE Sold Prices

Land registry data shows three sales for OAK 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 Test Valley local authority area for the corresponding sale date. Two of the three OAK COTTAGE sales were for above the average price, whilst one was 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
2019 28 FEB	£515,000	£507,453	1% above HPI
2007 10 APR	£440,000	£364,123	21% above HPI
2002 1 AUG	£102,500	£270,792	62% below HPI

OAK COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Test Valley local authority area over time, sourced from the HPI. The three OAK COTTAGE sales between August 2002 and February 2019 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 April 2007 sale was for 21% above the HPI. So the extrapolation line tracks at 21% above the HPI over time, until the February 2019 sale, where it falls to 1% above the HPI. The line then continues to track at 1% above the HPI.

How Large is OAK COTTAGE?

OAK COTTAGE is 111m², which includes one extension, according to the EPC inspection conducted in July 2018. This puts it in the smallest 10% of detached houses in Michelmersh, based on EPC data. The below chart shows the distribution of detached houses by size in Michelmersh, and where OAK COTTAGE lies on this distribution: 7% of detached houses are smaller than OAK COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Michelmersh.

OAK COTTAGE: Plot and Title Map

OAK COTTAGE sits on a plot of roughly 0.088 of an acre, or 355m². The below map shows the location of OAK 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 OAK 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 OAK COTTAGE?

OAK COTTAGE is located on NEW ROAD in TIMSBURY, in the SO51 postcode district. The below map shows the position of OAK COTTAGE on NEW ROAD.