REED COTTAGE, WARNFORD ROAD, CORHAMPTON, SOUTHAMPTON, SO32 3ND - £255,000

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.

REED COTTAGE is a very small terraced house of 69m², built sometime between 1983 and 1990, which could now be worth an estimated £308,289. It was last sold for £255,000 in February 2019, which was around 23% below the average February 2019 terraced price in the Winchester local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was B.

REED COTTAGE Sold Prices

Land registry data shows two sales for REED COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Winchester local authority area for the corresponding sale date. Both of the two REED 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
2019 1 FEB	£255,000	£331,768	23% below HPI
2012 13 MAR	£175,000	£249,624	30% below HPI

REED COTTAGE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Winchester local authority area over time, sourced from the HPI. The two REED COTTAGE sales from March 2012 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 March 2012 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the February 2019 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

What might REED COTTAGE be worth now?

REED COTTAGE might now be worth an estimated £308,289.

This is based on house price inflation of 20.9%, between February 2019 and May 2026, for terraced houses, in the Winchester local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 20.9% inflationary increase is applied to the most recent sale price for REED COTTAGE of £255,000 on 1st February 2019. For the value to have increased from £255,000 to £308,289 over the six years and nine months to May 2026, the following assumptions must hold true:

• The value of REED COTTAGE has moved in line with the HPI for terraced houses in the Winchester local authority area.
• The February 2019 sale price of £255,000 represented a fair market value for the property.
• The size, condition, and specification of REED COTTAGE has not materially changed since February 2019.

How Large is REED COTTAGE?

REED COTTAGE is 69m² according to the EPC inspection conducted in August 2018. This puts it in the smallest 10% of terraced houses houses in Corhampton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Corhampton, and where REED COTTAGE lies on this distribution: Less than 1% of terraced houses houses are smaller than REED COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Corhampton.

REED COTTAGE: Plot and Title Map

REED COTTAGE sits on a plot of roughly 0.027 of an acre, or 108m². The below map shows the location of REED 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 REED 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 REED COTTAGE?

REED COTTAGE is located on WARNFORD ROAD in CORHAMPTON, in the SO32 postcode district. The below map shows the position of REED COTTAGE on WARNFORD ROAD.