PEN COTTAGE, SHEEP PEN LANE, STEYNING, BN44 3GP - £223,000

PEN COTTAGE is a very small extended semi-detached house of 66m², built sometime before 1900. It was last sold for £223,000 in January 2014, which was around 52% below the average January 2014 detached price in the Horsham local authority area. The most recent EPC inspection was January 2021, where the current energy rating was E, and the potential energy rating was B.

PEN COTTAGE Sold Prices

Land registry data shows four sales for PEN COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Horsham local authority area for the corresponding sale date. All of the four PEN 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
2014 24 JAN	£223,000	£462,485	52% below HPI
2005 23 JUN	£187,500	£359,832	48% below HPI
2004 5 MAR	£190,000	£340,506	44% below HPI
2002 14 AUG	£159,000	£302,114	47% below HPI

PEN COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Horsham local authority area over time, sourced from the HPI. The four PEN COTTAGE sales between August 2002 and January 2014 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 June 2005 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the January 2014 sale, where it falls to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is PEN COTTAGE?

PEN COTTAGE is 66m², which includes one extension, according to the EPC inspection conducted in January 2021. This puts it in the smallest 10% of detached houses in Steyning, based on EPC data. The below chart shows the distribution of detached houses by size in Steyning, and where PEN COTTAGE lies on this distribution: 2% of detached houses are smaller than PEN COTTAGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Steyning.

PEN COTTAGE: Plot and Title Map

PEN COTTAGE sits on a plot of roughly 0.011 of an acre, or 44m². The below map shows the location of PEN 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 PEN 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 PEN COTTAGE?

PEN COTTAGE is located on SHEEP PEN LANE in STEYNING, in the BN44 postcode district. The below map shows the position of PEN COTTAGE on SHEEP PEN LANE.