FERNLEA COTTAGE, MILL STREET, FONTMELL MAGNA, SHAFTESBURY, SP7 0NU - £470,000

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.

FERNLEA COTTAGE is a midsized extended detached house of 123m², built sometime before 1900, which could now be worth an estimated £469,416. It was last sold for £470,000 in May 2022, which was around 11% below the average May 2022 detached price in the Dorset local authority area. The most recent EPC inspection was March 2020, where the current energy rating was E, and the potential energy rating was D.

FERNLEA COTTAGE Sold Prices

Land registry data shows two sales for FERNLEA 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 Dorset local authority area for the corresponding sale date. Both of the two FERNLEA 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
2022 17 MAY	£470,000	£529,088	11% below HPI
2017 8 SEP	£350,000	£435,988	20% below HPI

FERNLEA COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The two FERNLEA COTTAGE sales from September 2017 and May 2022 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 2017 sale was for 20% below the HPI. So the extrapolation line tracks at 20% below the HPI over time, until the May 2022 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might FERNLEA COTTAGE be worth now?

FERNLEA COTTAGE might now be worth an estimated £469,416.

This is based on house price deflation of 0.1%, between May 2022 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 0.1% deflationary decrease is applied to the most recent sale price for FERNLEA COTTAGE of £470,000 on 17th May 2022. For the value to have decreased from £470,000 to £469,416 over the three years and three months to February 2025, the following assumptions must hold true:

• The value of FERNLEA COTTAGE has moved in line with the HPI for detached houses in the Dorset local authority area.
• The May 2022 sale price of £470,000 represented a fair market value for the property.
• The size, condition, and specification of FERNLEA COTTAGE has not materially changed since May 2022.

How Large is FERNLEA COTTAGE?

FERNLEA COTTAGE is 123m², which includes two extensions, according to the EPC inspection conducted in March 2020. This puts it in the smallest 50% of detached houses houses in Fontmell Magna, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fontmell Magna, and where FERNLEA COTTAGE lies on this distribution: 44% of detached houses houses are smaller than FERNLEA COTTAGE, and 54% of houses are larger. Note that EPC data is not available for all properties in Fontmell Magna.

FERNLEA COTTAGE: Plot and Title Map

FERNLEA COTTAGE sits on a plot of roughly 0.204 of an acre, or 825m². The below map shows the location of FERNLEA 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 FERNLEA 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 FERNLEA COTTAGE?

FERNLEA COTTAGE is located on MILL STREET in FONTMELL MAGNA, in the SP7 postcode district. The below map shows the position of FERNLEA COTTAGE on MILL STREET.