FARM COTTAGE, 7B, MID STREET, SOUTH NUTFIELD, REDHILL, RH1 4JU - £525,000

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

FARM COTTAGE is a very small detached house of 99m², built in 2021. It was last sold for £525,000 in May 2023, which was around 42% below the average May 2023 detached price in the Tandridge local authority area. The most recent EPC inspection was January 2023, where the current energy rating was B, and the potential energy rating was B.

FARM COTTAGE Sold Prices

Land registry data shows two sales for FARM 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 FARM 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
2023 19 MAY	£525,000	£912,142	42% below HPI
2021 21 MAY	£167,500	£800,000	79% below HPI

FARM 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 FARM COTTAGE sales from May 2021 and May 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 May 2021 sale was for 79% below the HPI. So the extrapolation line tracks at 79% below the HPI over time, until the May 2023 sale, where it rises to 42% below the HPI. The line then continues to track at 42% below the HPI.

How Large is FARM COTTAGE?

FARM COTTAGE is 99m² according to the EPC inspection conducted in January 2023. This puts it in the smallest 20% of detached houses in South Nutfield, based on EPC data. The below chart shows the distribution of detached houses by size in South Nutfield, and where FARM COTTAGE lies on this distribution: 16% of detached houses are smaller than FARM COTTAGE, and 84% of houses are larger. Note that EPC data is not available for all properties in South Nutfield.

FARM COTTAGE: Plot and Title Map

FARM COTTAGE sits on a plot of roughly 0.044 of an acre, or 178m². The below map shows the location of FARM 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 FARM 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 FARM COTTAGE?

FARM COTTAGE is located on MID STREET in SOUTH NUTFIELD, in the RH1 postcode district. The below map shows the position of FARM COTTAGE on MID STREET.