HOPE COTTAGE, MARKET PLACE, CASTLETON, HOPE VALLEY, S33 8WQ - £350,000

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.

HOPE COTTAGE is a very small extended detached house of 75m², built sometime before 1900, which could now be worth an estimated £415,074. It was last sold for £350,000 in January 2022, which was around 8% below the average January 2022 detached price in the High Peak local authority area. The most recent EPC inspection was February 2012, where the current energy rating was D, and the potential energy rating was D.

HOPE COTTAGE Sold Prices

Land registry data shows two sales for HOPE 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 High Peak local authority area for the corresponding sale date. One of the two HOPE COTTAGE sales was for below the average price, whilst the other was 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
2022 11 JAN	£350,000	£380,217	8% below HPI
2016 19 FEB	£325,000	£278,671	17% above HPI

HOPE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the High Peak local authority area over time, sourced from the HPI. The two HOPE COTTAGE sales from February 2016 and January 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 February 2016 sale was for 17% above the HPI. So the extrapolation line tracks at 17% above the HPI over time, until the January 2022 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might HOPE COTTAGE be worth now?

HOPE COTTAGE might now be worth an estimated £415,074.

This is based on house price inflation of 18.6%, between January 2022 and February 2025, for detached houses, in the High Peak local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 18.6% inflationary increase is applied to the most recent sale price for HOPE COTTAGE of £350,000 on 11th January 2022. For the value to have increased from £350,000 to £415,074 over the two years and eleven months to February 2025, the following assumptions must hold true:

• The value of HOPE COTTAGE has moved in line with the HPI for detached houses in the High Peak local authority area.
• The January 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of HOPE COTTAGE has not materially changed since January 2022.

How Large is HOPE COTTAGE?

HOPE COTTAGE is 75m², which includes one extension, according to the EPC inspection conducted in February 2012. This puts it in the smallest 20% of detached houses houses in Castleton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Castleton, and where HOPE COTTAGE lies on this distribution: 19% of detached houses houses are smaller than HOPE COTTAGE, and 81% of houses are larger. Note that EPC data is not available for all properties in Castleton.

HOPE COTTAGE: Plot and Title Map

HOPE COTTAGE sits on a plot of roughly 0.063 of an acre, or 253m². The below map shows the location of HOPE 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 HOPE 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 HOPE COTTAGE?

HOPE COTTAGE is located on MARKET PLACE in CASTLETON, in the S33 postcode district. The below map shows the position of HOPE COTTAGE on MARKET PLACE.