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

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.

CARMEL COTTAGE is a very small extended detached house of 97m², built sometime between 1996 and 2002, which could now be worth an estimated £550,119. It was last sold for £370,000 in September 2014, which was around 21% 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	£466,508	21% below HPI
2009 30 SEP	£315,000	£382,102	18% below HPI
2006 31 MAR	£289,995	£357,303	19% below HPI
2002 20 NOV	£249,950	£302,679	17% 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 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the September 2014 sale, where it falls to 21% below the HPI. The line then continues to track at 21% below the HPI.

What might CARMEL COTTAGE be worth now?

CARMEL COTTAGE might now be worth an estimated £550,119.

This is based on house price inflation of 48.7%, between September 2014 and February 2025, for detached houses, in the Cotswold local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 48.7% inflationary increase is applied to the most recent sale price for CARMEL COTTAGE of £370,000 on 19th September 2014. For the value to have increased from £370,000 to £550,119 over the eleven years and seven months to February 2025, the following assumptions must hold true:

• The value of CARMEL COTTAGE has moved in line with the HPI for detached houses in the Cotswold local authority area.
• The September 2014 sale price of £370,000 represented a fair market value for the property.
• The size, condition, and specification of CARMEL COTTAGE has not materially changed since September 2014.

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 10% of detached houses houses in Shipton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Shipton, and where CARMEL COTTAGE lies on this distribution: 8% of detached houses houses are smaller than CARMEL COTTAGE, and 92% 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 0.072 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.