BANK COTTAGE, KERRY ROAD, MONTGOMERY, SY15 6PD - £175,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

BANK COTTAGE is a very small detached house of 72m², built sometime before 1900. It was last sold for £175,000 in September 2023, which was around 46% below the average September 2023 detached price in the Powys local authority area. The most recent EPC inspection was October 2010, where the current energy rating was F, and the potential energy rating was E.

BANK COTTAGE Sold Prices

Land registry data shows four sales for BANK 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 Powys local authority area for the corresponding sale date. All of the four BANK 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
2023 25 SEP	£175,000	£323,327	46% below HPI
2020 23 DEC	£127,000	£275,942	54% below HPI
2018 17 OCT	£122,950	£253,759	52% below HPI
2014 27 OCT	£105,000	£213,503	51% below HPI

BANK COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The four BANK COTTAGE sales between October 2014 and September 2023 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 2020 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the September 2023 sale, where it rises to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is BANK COTTAGE?

BANK COTTAGE is 72m² according to the EPC inspection conducted in October 2010. This puts it in the smallest 10% of detached houses in Montgomery, based on EPC data. The below chart shows the distribution of detached houses by size in Montgomery, and where BANK COTTAGE lies on this distribution: 7% of detached houses are smaller than BANK COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Montgomery.

BANK COTTAGE: Plot and Title Map

BANK COTTAGE sits on a plot of roughly 0.056 of an acre, or 228m². The below map shows the location of BANK 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 BANK 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 BANK COTTAGE?

BANK COTTAGE is located on KERRY ROAD in MONTGOMERY, in the SY15 postcode district. The below map shows the position of BANK COTTAGE on KERRY ROAD.