CROFT COTTAGE, CUMBERLEY LANE, KNOWBURY, LUDLOW, SY8 3LJ - £700,000

Based on the July 2024 Price Paid Data (released on 29th August 2024), the June 2024 House Price Index (released on 14th August 2024), and the July 2024 Energy Performance of Buildings Data (released on 29th August 2024). Sources

CROFT COTTAGE is a very large extended detached house of 198m², built sometime before 1900. It was last sold for £700,000 in October 2023, which was around 78% above the average October 2023 detached price in the Shropshire local authority area. The most recent EPC inspection was June 2023, where the current energy rating was E, and the potential energy rating was B.

CROFT COTTAGE Sold Prices

Land registry data shows two sales for CROFT 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 Shropshire local authority area for the corresponding sale date. Both of the two CROFT 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
2023 25 OCT	£700,000	£392,814	78% above HPI
1995 8 DEC	£98,000	£82,666	19% above HPI

CROFT COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Shropshire local authority area over time, sourced from the HPI. The two CROFT COTTAGE sales from December 1995 and October 2023 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 1995 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the October 2023 sale, where it rises to 78% above the HPI. The line then continues to track at 78% above the HPI.

How Large is CROFT COTTAGE?

CROFT COTTAGE is 198m², which includes four extensions, according to the EPC inspection conducted in June 2023. This puts it in the largest 20% of detached houses in Knowbury, based on EPC data. The below chart shows the distribution of detached houses by size in Knowbury, and where CROFT COTTAGE lies on this distribution: 80% of detached houses are smaller than CROFT COTTAGE, and 20% of houses are larger. Note that EPC data is not available for all properties in Knowbury.

CROFT COTTAGE: Plot and Title Map

CROFT COTTAGE sits on a plot of roughly 3.5 acres, or 13,999m². The below map shows the location of CROFT 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 CROFT 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 CROFT COTTAGE?

CROFT COTTAGE is located on CUMBERLEY LANE in KNOWBURY, in the SY8 postcode district. The below map shows the position of CROFT COTTAGE on CUMBERLEY LANE.