MILL COTTAGE, COTTAM LANE, INGOL, PRESTON, PR2 3XW - £380,000

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.

MILL COTTAGE is a very large extended detached house of 221m², built sometime before 1900, which could now be worth an estimated £503,984. It was last sold for £380,000 in February 2018, which was around 53% above the average February 2018 detached price in the Preston local authority area. The most recent EPC inspection was August 2015, where the current energy rating was D, and the potential energy rating was B.

MILL COTTAGE Sold Prices

Land registry data shows three sales for MILL 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 Preston local authority area for the corresponding sale date. Two of the three MILL COTTAGE sales were for above the average price, whilst one was 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
2018 16 FEB	£380,000	£247,736	53% above HPI
2002 31 MAY	£151,250	£122,492	23% above HPI
1998 10 JUL	£90,000	£91,060	1% below HPI

MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The three MILL COTTAGE sales between July 1998 and February 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 May 2002 sale was for 23% above the HPI. So the extrapolation line tracks at 23% above the HPI over time, until the February 2018 sale, where it rises to 53% above the HPI. The line then continues to track at 53% above the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £503,984.

This is based on house price inflation of 32.6%, between February 2018 and February 2025, for detached houses, in the Preston local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 32.6% inflationary increase is applied to the most recent sale price for MILL COTTAGE of £380,000 on 16th February 2018. For the value to have increased from £380,000 to £503,984 over the seven years to February 2025, the following assumptions must hold true:

• The value of MILL COTTAGE has moved in line with the HPI for detached houses in the Preston local authority area.
• The February 2018 sale price of £380,000 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since February 2018.

How Large is MILL COTTAGE?

MILL COTTAGE is 221m², which includes two extensions, according to the EPC inspection conducted in August 2015. This puts it in the largest 10% of detached houses houses in Fulwood, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fulwood, and where MILL COTTAGE lies on this distribution: 94% of detached houses houses are smaller than MILL COTTAGE, and 6% of houses are larger. Note that EPC data is not available for all properties in Fulwood.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.385 of an acre, or 1,560m². The below map shows the location of MILL 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 MILL 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 MILL COTTAGE?

MILL COTTAGE is located on COTTAM LANE in INGOL, in the PR2 postcode district. The below map shows the position of MILL COTTAGE on COTTAM LANE.