PROSPECT COTTAGE, GARDEN HOUSE LANE, COCKFIELD, BISHOP AUCKLAND, DL13 5EF - £118,500

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.

PROSPECT COTTAGE is a very small detached house of 66m², built sometime from 2007 onwards, which could now be worth an estimated £161,232. It was last sold for £118,500 in June 2011, which was around 31% below the average June 2011 detached price in the County Durham local authority area. The most recent EPC inspection was October 2008, where the current energy rating was C, and the potential energy rating was C.

PROSPECT COTTAGE Sold Prices

Land registry data shows two sales for PROSPECT 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 County Durham local authority area for the corresponding sale date. Both of the two PROSPECT 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
2011 17 JUN	£118,500	£170,752	31% below HPI
2002 21 JUN	£38,000	£93,827	59% below HPI

PROSPECT COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the County Durham local authority area over time, sourced from the HPI. The two PROSPECT COTTAGE sales from June 2002 and June 2011 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 2002 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the June 2011 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

What might PROSPECT COTTAGE be worth now?

PROSPECT COTTAGE might now be worth an estimated £161,232.

This is based on house price inflation of 36.1%, between June 2011 and June 2025, for detached houses, in the County Durham local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 36.1% inflationary increase is applied to the most recent sale price for PROSPECT COTTAGE of £118,500 on 17th June 2011. For the value to have increased from £118,500 to £161,232 over the fourteen years to June 2025, the following assumptions must hold true:

• The value of PROSPECT COTTAGE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The June 2011 sale price of £118,500 represented a fair market value for the property.
• The size, condition, and specification of PROSPECT COTTAGE has not materially changed since June 2011.

How Large is PROSPECT COTTAGE?

PROSPECT COTTAGE is 66m² according to the EPC inspection conducted in October 2008. This puts it in the smallest 10% of detached houses houses in Cockfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cockfield, and where PROSPECT COTTAGE lies on this distribution: Less than 1% of detached houses houses are smaller than PROSPECT COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Cockfield.

PROSPECT COTTAGE: Plot and Title Map

PROSPECT COTTAGE sits on a plot of roughly 0.037 of an acre, or 148m². The below map shows the location of PROSPECT 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 PROSPECT 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 PROSPECT COTTAGE?

PROSPECT COTTAGE is located on GARDEN HOUSE LANE in COCKFIELD, in the DL13 postcode district. The below map shows the position of PROSPECT COTTAGE on GARDEN HOUSE LANE.