THE OLD COTTAGE, PALMERS FLAT, COLEFORD, GL16 7HU - £259,000

THE OLD COTTAGE is a very small extended detached house of 64m², built sometime before 1900. It was last sold for £259,000 in March 2022, which was around 31% below the average March 2022 detached price in the Forest of Dean local authority area. The most recent EPC inspection was December 2021, where the current energy rating was D, and the potential energy rating was B.

THE OLD COTTAGE Sold Prices

Land registry data shows three sales for THE OLD 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 Forest of Dean local authority area for the corresponding sale date. All of the three THE OLD 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
2022 18 MAR	£259,000	£374,069	31% below HPI
2017 11 JAN	£135,000	£271,158	50% below HPI
2000 24 FEB	£52,000	£100,827	48% below HPI

THE OLD COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Forest of Dean local authority area over time, sourced from the HPI. The three THE OLD COTTAGE sales between February 2000 and March 2022 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 January 2017 sale was for 50% below the HPI. So the extrapolation line tracks at 50% below the HPI over time, until the March 2022 sale, where it rises to 31% below the HPI. The line then continues to track at 31% below the HPI.

How Large is THE OLD COTTAGE?

THE OLD COTTAGE is 64m², which includes one extension, according to the EPC inspection conducted in December 2021. This puts it in the smallest 10% of detached houses in Coalway, based on EPC data. The below chart shows the distribution of detached houses by size in Coalway, and where THE OLD COTTAGE lies on this distribution: 5% of detached houses are smaller than THE OLD COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Coalway.

THE OLD COTTAGE: Plot and Title Map

THE OLD COTTAGE sits on a plot of roughly 0.029 of an acre, or 118m². The below map shows the location of THE OLD 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 OLD 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 OLD COTTAGE?

THE OLD COTTAGE is located on PALMERS FLAT in COLEFORD, in the GL16 postcode district. The below map shows the position of THE OLD COTTAGE on PALMERS FLAT.