WARE COTTAGE, WARE LANE, LYME REGIS, DT7 3EL - £652,000

WARE COTTAGE is a very small extended detached house of 93m², built sometime before 1900. It was last sold for £652,000 in February 2016, which was around 70% above the average February 2016 detached price in the Dorset local authority area. The most recent EPC inspection was May 2013, where the current energy rating was E, and the potential energy rating was C.

WARE COTTAGE Sold Prices

Land registry data shows four sales for WARE 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 Dorset local authority area for the corresponding sale date. Most of the four WARE 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
2016 24 FEB	£652,000	£383,031	70% above HPI
2013 31 OCT	£475,000	£333,760	42% above HPI
2001 30 NOV	£118,000	£190,514	38% below HPI
1996 12 JUL	£103,000	£96,130	7% above HPI

WARE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The four WARE COTTAGE sales between July 1996 and February 2016 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 October 2013 sale was for 42% above the HPI. So the extrapolation line tracks at 42% above the HPI over time, until the February 2016 sale, where it rises to 70% above the HPI. The line then continues to track at 70% above the HPI.

How Large is WARE COTTAGE?

WARE COTTAGE is 93m², which includes one extension, according to the EPC inspection conducted in May 2013. This puts it in the smallest 20% of detached houses in Lyme Regis, based on EPC data. The below chart shows the distribution of detached houses by size in Lyme Regis, and where WARE COTTAGE lies on this distribution: 17% of detached houses are smaller than WARE COTTAGE, and 82% of houses are larger. Note that EPC data is not available for all properties in Lyme Regis.

WARE COTTAGE: Plot and Title Map

WARE COTTAGE sits on a plot of roughly 0.122 of an acre, or 494m². The below map shows the location of WARE 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 WARE 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 WARE COTTAGE?

WARE COTTAGE is located on WARE LANE in LYME REGIS, in the DT7 postcode district. The below map shows the position of WARE COTTAGE on WARE LANE.