THE COTTAGE, BRIDGE LANE, WELLINGTON, HEREFORD, HR4 8AY - £292,500

THE COTTAGE is a very small extended detached house of 88m², built sometime before 1900. It was last sold for £292,500 in September 2019, which was around 16% below the average September 2019 detached price in the Herefordshire local authority area. The most recent EPC inspection was June 2017, where the current energy rating was D, and the potential energy rating was B.

THE COTTAGE Sold Prices

Land registry data shows four sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. All of the four THE 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 18 SEP	£292,500	£346,227	16% below HPI
2017 1 DEC	£280,000	£327,587	15% below HPI
2003 30 SEP	£160,000	£215,493	26% below HPI
1997 10 JAN	£77,500	£90,264	14% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Herefordshire local authority area over time, sourced from the HPI. The four THE COTTAGE sales between January 1997 and September 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 December 2017 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the September 2019 sale, where it falls to 16% below the HPI. The line then continues to track at 16% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 88m², which includes two extensions, according to the EPC inspection conducted in June 2017. This puts it in the smallest 10% of detached houses in Wellington, based on EPC data. The below chart shows the distribution of detached houses by size in Wellington, and where THE COTTAGE lies on this distribution: 3% of detached houses are smaller than THE COTTAGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Wellington.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.065 of an acre, or 262m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on BRIDGE LANE in WELLINGTON, in the HR4 postcode district. The below map shows the position of THE COTTAGE on BRIDGE LANE.