HIGHER SCHOLEFIELD COTTAGE, SCHOLEFIELD LANE, NELSON, BB9 0EP - £247,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

HIGHER SCHOLEFIELD COTTAGE is a very large extended detached house of 185m², built sometime before 1900. It was last sold for £247,000 in November 2018, which was around 28% above the average November 2018 detached price in the Pendle local authority area. The most recent EPC inspection was October 2014, where the current energy rating was E, and the potential energy rating was B.

HIGHER SCHOLEFIELD COTTAGE Sold Prices

Land registry data shows two sales for HIGHER SCHOLEFIELD 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 Pendle local authority area for the corresponding sale date. Both of the two HIGHER SCHOLEFIELD 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
2018 13 NOV	£247,000	£192,886	28% above HPI
2004 16 AUG	£310,000	£106,906	190% above HPI

HIGHER SCHOLEFIELD COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Pendle local authority area over time, sourced from the HPI. The two HIGHER SCHOLEFIELD COTTAGE sales from August 2004 and November 2018 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 2004 sale was for 190% above the HPI. So the extrapolation line tracks at 190% above the HPI over time, until the November 2018 sale, where it falls to 28% above the HPI. The line then continues to track at 28% above the HPI.

How Large is HIGHER SCHOLEFIELD COTTAGE?

HIGHER SCHOLEFIELD COTTAGE is 185m², which includes one extension, according to the EPC inspection conducted in October 2014. This puts it in the largest 10% of detached houses in Nelson, based on EPC data. The below chart shows the distribution of detached houses by size in Nelson, and where HIGHER SCHOLEFIELD COTTAGE lies on this distribution: 94% of detached houses are smaller than HIGHER SCHOLEFIELD COTTAGE, and 6% of houses are larger. Note that EPC data is not available for all properties in Nelson.

HIGHER SCHOLEFIELD COTTAGE: Plot and Title Map

HIGHER SCHOLEFIELD COTTAGE sits on a plot of roughly 0.202 of an acre, or 819m². The below map shows the location of HIGHER SCHOLEFIELD 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 HIGHER SCHOLEFIELD 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 HIGHER SCHOLEFIELD COTTAGE?

HIGHER SCHOLEFIELD COTTAGE is located on SCHOLEFIELD LANE in NELSON, in the BB9 postcode district. The below map shows the position of HIGHER SCHOLEFIELD COTTAGE on SCHOLEFIELD LANE.