BANKSIDE COTTAGE, LOWER WAY, RUGELEY, WS15 1QQ - £295,000

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

BANKSIDE COTTAGE is a very small detached house of 101m², built sometime between 1950 and 1966. It was last sold for £295,000 in December 2017, which was around 18% below the average December 2017 detached price in the Lichfield local authority area. The most recent EPC inspection was July 2014, where the current energy rating was F, and the potential energy rating was D.

BANKSIDE COTTAGE Sold Prices

Land registry data shows two sales for BANKSIDE 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 Lichfield local authority area for the corresponding sale date. Both of the two BANKSIDE 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
2017 21 DEC	£295,000	£360,734	18% below HPI
2011 26 AUG	£220,000	£276,099	20% below HPI

BANKSIDE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The two BANKSIDE COTTAGE sales from August 2011 and December 2017 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 August 2011 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the December 2017 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is BANKSIDE COTTAGE?

BANKSIDE COTTAGE is 101m² according to the EPC inspection conducted in July 2014. This puts it in the smallest 10% of detached houses in Upper Longdon, based on EPC data. The below chart shows the distribution of detached houses by size in Upper Longdon, and where BANKSIDE COTTAGE lies on this distribution: 7% of detached houses are smaller than BANKSIDE COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Upper Longdon.

BANKSIDE COTTAGE: Plot and Title Map

BANKSIDE COTTAGE sits on a plot of roughly 0.146 of an acre, or 593m². The below map shows the location of BANKSIDE 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 BANKSIDE 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 BANKSIDE COTTAGE?

BANKSIDE COTTAGE is located on LOWER WAY in RUGELEY, in the WS15 postcode district. The below map shows the position of BANKSIDE COTTAGE on LOWER WAY.