FORGE COTTAGE, WARWICK ROAD, LEEK WOOTTON, WARWICK, CV35 7QY - £265,000

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

FORGE COTTAGE is a very small extended detached house of 90m², built sometime before 1900. It was last sold for £265,000 in May 2010, which was around 23% below the average May 2010 detached price in the Warwick local authority area. The most recent EPC inspection was October 2022, where the current energy rating was D, and the potential energy rating was C.

FORGE COTTAGE Sold Prices

Land registry data shows three sales for FORGE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Warwick local authority area for the corresponding sale date. All of the three FORGE 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
2010 24 MAY	£265,000	£343,806	23% below HPI
2001 9 MAR	£198,000	£210,517	6% below HPI
1997 22 AUG	£120,000	£138,121	13% below HPI

FORGE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Warwick local authority area over time, sourced from the HPI. The three FORGE COTTAGE sales between August 1997 and May 2010 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 March 2001 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the May 2010 sale, where it falls to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is FORGE COTTAGE?

FORGE COTTAGE is 90m², which includes one extension, according to the EPC inspection conducted in October 2022. This puts it in the smallest 10% of detached houses in Leek Wootton, based on EPC data. The below chart shows the distribution of detached houses by size in Leek Wootton, and where FORGE COTTAGE lies on this distribution: 7% of detached houses are smaller than FORGE COTTAGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Leek Wootton.

FORGE COTTAGE: Plot and Title Map

FORGE COTTAGE sits on a plot of roughly 0.044 of an acre, or 179m². The below map shows the location of FORGE 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 FORGE 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 FORGE COTTAGE?

FORGE COTTAGE is located on WARWICK ROAD in LEEK WOOTTON, in the CV35 postcode district. The below map shows the position of FORGE COTTAGE on WARWICK ROAD.