BANK COTTAGE, NORTON, PRESTEIGNE, LD8 2EN - £265,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

BANK COTTAGE is a midsized extended detached house of 113m², built sometime before 1900, which could now be worth an estimated £358,043. It was last sold for £265,000 in January 2018, which was around 11% above the average January 2018 detached price in the Powys local authority area. The most recent EPC inspection was December 2016, where the current energy rating was E, and the potential energy rating was C.

BANK COTTAGE Sold Prices

Land registry data shows two sales for BANK 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 Powys local authority area for the corresponding sale date. Both of the two BANK 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
2018 26 JAN	£265,000	£239,589	11% above HPI
2001 12 DEC	£130,000	£103,147	26% above 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 two BANK COTTAGE sales from December 2001 and January 2018 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 2001 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the January 2018 sale, where it falls to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might BANK COTTAGE be worth now?

BANK COTTAGE might now be worth an estimated £358,043.

This is based on house price inflation of 35.1%, between January 2018 and February 2025, for detached houses, in the Powys local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 35.1% inflationary increase is applied to the most recent sale price for BANK COTTAGE of £265,000 on 26th January 2018. For the value to have increased from £265,000 to £358,043 over the six years and eleven months to February 2025, the following assumptions must hold true:

• The value of BANK COTTAGE has moved in line with the HPI for detached houses in the Powys local authority area.
• The January 2018 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of BANK COTTAGE has not materially changed since January 2018.

How Large is BANK COTTAGE?

BANK COTTAGE is 113m², which includes three extensions, according to the EPC inspection conducted in December 2016. This puts it in the largest 50% of detached houses houses in Norton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norton, and where BANK COTTAGE lies on this distribution: 53% of detached houses houses are smaller than BANK COTTAGE, and 47% of houses are larger. Note that EPC data is not available for all properties in Norton.

BANK COTTAGE: Plot and Title Map

BANK COTTAGE sits on a plot of roughly 0.225 of an acre, or 909m². 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 in NORTON, in the LD8 postcode district. The below map shows the position of BANK COTTAGE in NORTON.