RAILWAY COTTAGE, WALLOWS LANE, WALSALL, WS1 4LZ - £140,000

RAILWAY COTTAGE is a very small detached house of 76m², built sometime before 1900. It was last sold for £140,000 in March 2015, which was around 35% below the average March 2015 detached price in the Walsall local authority area. The most recent EPC inspection was May 2014, where the current energy rating was F, and the potential energy rating was C.

RAILWAY COTTAGE Sold Prices

Land registry data shows three sales for RAILWAY 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 Walsall local authority area for the corresponding sale date. All of the three RAILWAY 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
2015 18 MAR	£140,000	£215,118	35% below HPI
2014 11 AUG	£95,000	£215,553	56% below HPI
2001 2 NOV	£60,000	£119,847	50% below HPI

RAILWAY COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Walsall local authority area over time, sourced from the HPI. The three RAILWAY COTTAGE sales between November 2001 and March 2015 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 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the March 2015 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is RAILWAY COTTAGE?

RAILWAY COTTAGE is 76m² according to the EPC inspection conducted in May 2014. This puts it in the smallest 10% of detached houses in Walsall, based on EPC data. The below chart shows the distribution of detached houses by size in Walsall, and where RAILWAY COTTAGE lies on this distribution: 5% of detached houses are smaller than RAILWAY COTTAGE, and 94% of houses are larger. Note that EPC data is not available for all properties in Walsall.

RAILWAY COTTAGE: Plot and Title Map

RAILWAY COTTAGE sits on a plot of roughly 0.052 of an acre, or 210m². The below map shows the location of RAILWAY 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 RAILWAY 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 RAILWAY COTTAGE?

RAILWAY COTTAGE is located on WALLOWS LANE in WALSALL, in the WS1 postcode district. The below map shows the position of RAILWAY COTTAGE on WALLOWS LANE.