THE COTTAGE, MILLBROOK WAY, ORLETON, LUDLOW, SY8 4HW - £499,950

THE COTTAGE is a very small extended detached house of 81m², built sometime between 1996 and 2002. It was last sold for £499,950 in August 2010, which was around 80% above the average August 2010 detached price in the Herefordshire local authority area. The most recent EPC inspection was May 2010, where the current energy rating was E, and the potential energy rating was D.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Herefordshire local authority area for the corresponding sale date. Two of the three THE COTTAGE sales were for above the average price, whilst one 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
2010 20 AUG	£499,950	£278,143	80% above HPI
2007 29 JUN	£510,000	£285,488	79% above HPI
2001 3 AUG	£137,500	£145,598	6% 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 three THE COTTAGE sales between August 2001 and August 2010 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 2007 sale was for 79% above the HPI. So the extrapolation line tracks at 79% above the HPI over time, until the August 2010 sale, where it rises to 80% above the HPI. The line then continues to track at 80% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 81m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the smallest 20% of detached houses in Orleton, based on EPC data. The below chart shows the distribution of detached houses by size in Orleton, and where THE COTTAGE lies on this distribution: 14% of detached houses are smaller than THE COTTAGE, and 86% of houses are larger. Note that EPC data is not available for all properties in Orleton.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.333 of an acre, or 1,349m². 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 MILLBROOK WAY in ORLETON, in the SY8 postcode district. The below map shows the position of THE COTTAGE on MILLBROOK WAY.