LILAC COTTAGE, WATER LANE, SOMERFORD KEYNES, CIRENCESTER, GL7 6DS - £575,000

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

LILAC COTTAGE is a very small extended detached house of 111m², built sometime before 1900. It was last sold for £575,000 in October 2009, which was around 45% above the average October 2009 detached price in the Cotswold local authority area. The most recent EPC inspection was June 2009, where the current energy rating was F, and the potential energy rating was E.

LILAC COTTAGE Sold Prices

Land registry data shows three sales for LILAC 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 Cotswold local authority area for the corresponding sale date. One of the three LILAC COTTAGE sales was for above the average price, whilst two 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
2009 27 OCT	£575,000	£396,790	45% above HPI
1999 19 JUL	£155,500	£185,294	16% below HPI
1997 7 OCT	£120,000	£147,342	19% below HPI

LILAC COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cotswold local authority area over time, sourced from the HPI. The three LILAC COTTAGE sales between October 1997 and October 2009 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 July 1999 sale was for 16% below the HPI. So the extrapolation line tracks at 16% below the HPI over time, until the October 2009 sale, where it rises to 45% above the HPI. The line then continues to track at 45% above the HPI.

How Large is LILAC COTTAGE?

LILAC COTTAGE is 111m², which includes two extensions, according to the EPC inspection conducted in June 2009. This puts it in the smallest 10% of detached houses in Somerford Keynes, based on EPC data. The below chart shows the distribution of detached houses by size in Somerford Keynes, and where LILAC COTTAGE lies on this distribution: 6% of detached houses are smaller than LILAC COTTAGE, and 94% of houses are larger. Note that EPC data is not available for all properties in Somerford Keynes.

LILAC COTTAGE: Plot and Title Map

LILAC COTTAGE sits on a plot of roughly 0.192 of an acre, or 776m². The below map shows the location of LILAC 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 LILAC 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 LILAC COTTAGE?

LILAC COTTAGE is located on WATER LANE in SOMERFORD KEYNES, in the GL7 postcode district. The below map shows the position of LILAC COTTAGE on WATER LANE.