PROSPECT COTTAGE, LOWER WAY, RUGELEY, WS15 1QQ - £425,000

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.

PROSPECT COTTAGE is a large detached house of 212m², built sometime between 2003 and 2006, which could now be worth an estimated £824,987. It was last sold for £425,000 in April 2009, which was around 62% above the average April 2009 detached price in the Lichfield local authority area. The most recent EPC inspection was November 2024, where the current energy rating was C, and the potential energy rating was B.

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 Lichfield local authority area for the corresponding sale date. Both of the two PROSPECT 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
2009 3 APR	£425,000	£262,294	62% above HPI
2005 10 NOV	£550,000	£277,889	98% above HPI

PROSPECT COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The two PROSPECT COTTAGE sales from November 2005 and April 2009 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 November 2005 sale was for 98% above the HPI. So the extrapolation line tracks at 98% above the HPI over time, until the April 2009 sale, where it falls to 62% above the HPI. The line then continues to track at 62% above the HPI.

What might PROSPECT COTTAGE be worth now?

PROSPECT COTTAGE might now be worth an estimated £824,987.

This is based on house price inflation of 94.1%, between April 2009 and February 2025, for detached houses, in the Lichfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 94.1% inflationary increase is applied to the most recent sale price for PROSPECT COTTAGE of £425,000 on 3rd April 2009. For the value to have increased from £425,000 to £824,987 over the sixteen years and two months to February 2025, the following assumptions must hold true:

• The value of PROSPECT COTTAGE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The April 2009 sale price of £425,000 represented a fair market value for the property.
• The size, condition, and specification of PROSPECT COTTAGE has not materially changed since April 2009.

How Large is PROSPECT COTTAGE?

PROSPECT COTTAGE is 212m² according to the EPC inspection conducted in November 2024. This puts it in the largest 30% of detached houses houses in Upper Longdon, based on EPC data. The below chart shows the distribution of detached houses houses by size in Upper Longdon, and where PROSPECT COTTAGE lies on this distribution: 73% of detached houses houses are smaller than PROSPECT COTTAGE, and 27% of houses are larger. Note that EPC data is not available for all properties in Upper Longdon.

PROSPECT COTTAGE: Plot and Title Map

PROSPECT COTTAGE sits on a plot of roughly 0.148 of an acre, or 598m². 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 LOWER WAY in RUGELEY, in the WS15 postcode district. The below map shows the position of PROSPECT COTTAGE on LOWER WAY.