GROOMS COTTAGE, BANBURY LANE, GREAT EASTON, MARKET HARBOROUGH, LE16 8SF - £180,000

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

GROOMS COTTAGE is a very small detached house of 59m², built sometime between 1967 and 1975. It was last sold for £180,000 in May 2023, which was around 62% below the average May 2023 detached price in the Harborough local authority area. The most recent EPC inspection was August 2024, where the current energy rating was E, and the potential energy rating was B.

GROOMS COTTAGE Sold Prices

Land registry data shows two sales for GROOMS 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 Harborough local authority area for the corresponding sale date. Both of the two GROOMS 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 26 MAY	£180,000	£476,193	62% below HPI
2014 21 AUG	£80,000	£318,115	75% below HPI

GROOMS COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The two GROOMS COTTAGE sales from August 2014 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 August 2014 sale was for 75% below the HPI. So the extrapolation line tracks at 75% below the HPI over time, until the May 2023 sale, where it rises to 62% below the HPI. The line then continues to track at 62% below the HPI.

How Large is GROOMS COTTAGE?

GROOMS COTTAGE is 59m² according to the EPC inspection conducted in August 2024. This puts it in the smallest 10% of detached houses in Great Easton, based on EPC data. The below chart shows the distribution of detached houses by size in Great Easton, and where GROOMS COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than GROOMS COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Great Easton.

GROOMS COTTAGE: Plot and Title Map

GROOMS COTTAGE sits on a plot of roughly 0.035 of an acre, or 140m². The below map shows the location of GROOMS 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 GROOMS 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 GROOMS COTTAGE?

GROOMS COTTAGE is located on BANBURY LANE in GREAT EASTON, in the LE16 postcode district. The below map shows the position of GROOMS COTTAGE on BANBURY LANE.