SOUTHLEY COTTAGE, SWANS LANE, DRAYCOTT, CHEDDAR, BS27 3SS - £275,000

SOUTHLEY COTTAGE is a very small extended detached house of 55m², built sometime before 1900. It was last sold for £275,000 in May 2023, which was around 38% below the average May 2023 detached price in the Somerset local authority area. The most recent EPC inspection was March 2018, where the current energy rating was F, and the potential energy rating was A.

SOUTHLEY COTTAGE Sold Prices

Land registry data shows two sales for SOUTHLEY 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 Somerset local authority area for the corresponding sale date. Both of the two SOUTHLEY 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
2023 24 MAY	£275,000	£442,632	38% below HPI
2018 15 JUN	£174,000	£352,464	51% below HPI

SOUTHLEY COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The two SOUTHLEY COTTAGE sales from June 2018 and May 2023 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 2018 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the May 2023 sale, where it rises to 38% below the HPI. The line then continues to track at 38% below the HPI.

How Large is SOUTHLEY COTTAGE?

SOUTHLEY COTTAGE is 55m², which includes two extensions, according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses in Draycott, based on EPC data. The below chart shows the distribution of detached houses by size in Draycott, and where SOUTHLEY COTTAGE lies on this distribution: 1% of detached houses are smaller than SOUTHLEY COTTAGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Draycott.

SOUTHLEY COTTAGE: Plot and Title Map

SOUTHLEY COTTAGE sits on a plot of roughly 0.031 of an acre, or 124m². The below map shows the location of SOUTHLEY 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 SOUTHLEY 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 SOUTHLEY COTTAGE?

SOUTHLEY COTTAGE is located on SWANS LANE in DRAYCOTT, in the BS27 postcode district. The below map shows the position of SOUTHLEY COTTAGE on SWANS LANE.