SOJO COTTAGE, PINFOLD LANE, BUTTERKNOWLE, BISHOP AUCKLAND, DL13 5PS - £260,000

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.

SOJO COTTAGE is a very large detached house of 216m², which could now be worth an estimated £317,784. It was last sold for £260,000 in February 2021, which was around 37% above the average February 2021 detached price in the County Durham local authority area. The most recent EPC inspection was February 2020, where the current energy rating was B, and the potential energy rating was A.

SOJO COTTAGE Sold Prices

Land registry data shows two sales for SOJO 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. One of the two SOJO COTTAGE sales was for above the average price, whilst the other was 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
2021 22 FEB	£260,000	£190,082	37% above HPI
2019 13 MAR	£80,000	£165,695	52% below HPI

SOJO 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 SOJO COTTAGE sales from March 2019 and February 2021 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 2019 sale was for 52% below the HPI. So the extrapolation line tracks at 52% below the HPI over time, until the February 2021 sale, where it rises to 37% above the HPI. The line then continues to track at 37% above the HPI.

What might SOJO COTTAGE be worth now?

SOJO COTTAGE might now be worth an estimated £317,784.

This is based on house price inflation of 22.2%, between February 2021 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 22.2% inflationary increase is applied to the most recent sale price for SOJO COTTAGE of £260,000 on 22nd February 2021. For the value to have increased from £260,000 to £317,784 over the three years and eight months to June 2025, the following assumptions must hold true:

• The value of SOJO COTTAGE has moved in line with the HPI for detached houses in the County Durham local authority area.
• The February 2021 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of SOJO COTTAGE has not materially changed since February 2021.

How Large is SOJO COTTAGE?

SOJO COTTAGE is 216m² according to the EPC inspection conducted in February 2020. This puts it in the largest 20% of detached houses houses in Butterknowle, based on EPC data. The below chart shows the distribution of detached houses houses by size in Butterknowle, and where SOJO COTTAGE lies on this distribution: 89% of detached houses houses are smaller than SOJO COTTAGE, and 11% of houses are larger. Note that EPC data is not available for all properties in Butterknowle.

SOJO COTTAGE: Plot and Title Map

SOJO COTTAGE sits on a plot of roughly 0.135 of an acre, or 548m². The below map shows the location of SOJO 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 SOJO 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 SOJO COTTAGE?

SOJO COTTAGE is located on PINFOLD LANE in BUTTERKNOWLE, in the DL13 postcode district. The below map shows the position of SOJO COTTAGE on PINFOLD LANE.