THE COTTAGE, LOWER LANE, LONGRIDGE, PRESTON, PR3 3SL - £450,000

THE COTTAGE is a very large detached house of 202m², built sometime from 2007 onwards. It was last sold for £450,000 in August 2012, which was around 61% above the average August 2012 detached price in the Ribble Valley local authority area. The most recent EPC inspection was October 2010, where the current energy rating was C, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE 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 Ribble Valley local authority area for the corresponding sale date. Both of the two THE COTTAGE sales were for above 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
2012 10 AUG	£450,000	£279,508	61% above HPI
2008 12 SEP	£450,000	£315,598	43% above HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ribble Valley local authority area over time, sourced from the HPI. The two THE COTTAGE sales from September 2008 and August 2012 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 September 2008 sale was for 43% above the HPI. So the extrapolation line tracks at 43% above the HPI over time, until the August 2012 sale, where it rises to 61% above the HPI. The line then continues to track at 61% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 202m² according to the EPC inspection conducted in October 2010. This puts it in the largest 10% of detached houses in Longridge, based on EPC data. The below chart shows the distribution of detached houses by size in Longridge, and where THE COTTAGE lies on this distribution: 94% of detached houses are smaller than THE COTTAGE, and 6% of houses are larger. Note that EPC data is not available for all properties in Longridge.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.178 of an acre, or 720m². 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 LOWER LANE in LONGRIDGE, in the PR3 postcode district. The below map shows the position of THE COTTAGE on LOWER LANE.