CORNER COTTAGE, MILLERS LANE, OUTWOOD, REDHILL, RH1 5PY - £925,000

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

CORNER COTTAGE is a midsized extended detached house of 168m², built sometime between 1930 and 1949. It was last sold for £925,000 in December 2021, which was around 1% above the average December 2021 detached price in the Tandridge local authority area. The most recent EPC inspection was August 2021, where the current energy rating was F, and the potential energy rating was B.

CORNER COTTAGE Sold Prices

Land registry data shows two sales for CORNER 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 Tandridge local authority area for the corresponding sale date. Both of the two CORNER 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
2021 8 DEC	£925,000	£919,161	1% above HPI
1996 16 APR	£166,000	£164,743	1% above HPI

CORNER COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tandridge local authority area over time, sourced from the HPI. The two CORNER COTTAGE sales from April 1996 and December 2021 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 April 1996 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the December 2021 sale, which was also at 1% above the HPI.

How Large is CORNER COTTAGE?

CORNER COTTAGE is 168m², which includes four extensions, according to the EPC inspection conducted in August 2021. This puts it in the smallest 50% of detached houses in Outwood, based on EPC data. The below chart shows the distribution of detached houses by size in Outwood, and where CORNER COTTAGE lies on this distribution: 48% of detached houses are smaller than CORNER COTTAGE, and 52% of houses are larger. Note that EPC data is not available for all properties in Outwood.

CORNER COTTAGE: Plot and Title Map

CORNER COTTAGE sits on a plot of roughly 0.261 of an acre, or 1,058m². The below map shows the location of CORNER 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 CORNER 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 CORNER COTTAGE?

CORNER COTTAGE is located on MILLERS LANE in OUTWOOD, in the RH1 postcode district. The below map shows the position of CORNER COTTAGE on MILLERS LANE.