CARMEL COTTAGE, SHIPTON OLIFFE, CHELTENHAM, GL54 4JE - £370,000

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

CARMEL COTTAGE is a very small extended detached house of 97m², built sometime between 1996 and 2002. It was last sold for £370,000 in September 2014, which was around 23% below the average September 2014 detached price in the Cotswold local authority area. The most recent EPC inspection was May 2019, where the current energy rating was D, and the potential energy rating was B.

CARMEL COTTAGE Sold Prices

Land registry data shows four sales for CARMEL 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 Cotswold local authority area for the corresponding sale date. All of the four CARMEL 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
2014 19 SEP	£370,000	£477,477	23% below HPI
2009 30 SEP	£315,000	£391,086	19% below HPI
2006 31 MAR	£289,995	£365,704	21% below HPI
2002 20 NOV	£249,950	£309,796	19% below HPI

CARMEL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cotswold local authority area over time, sourced from the HPI. The four CARMEL COTTAGE sales between November 2002 and September 2014 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 September 2009 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the September 2014 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is CARMEL COTTAGE?

CARMEL COTTAGE is 97m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% of detached houses in Shipton, based on EPC data. The below chart shows the distribution of detached houses by size in Shipton, and where CARMEL COTTAGE lies on this distribution: 10% of detached houses are smaller than CARMEL COTTAGE, and 90% of houses are larger. Note that EPC data is not available for all properties in Shipton.

CARMEL COTTAGE: Plot and Title Map

CARMEL COTTAGE sits on a plot of roughly 0.073 of an acre, or 293m². The below map shows the location of CARMEL 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 CARMEL 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 CARMEL COTTAGE?

CARMEL COTTAGE is located in SHIPTON OLIFFE, in the GL54 postcode district. The below map shows the position of CARMEL COTTAGE in SHIPTON OLIFFE.