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

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

MILL COTTAGE is a very large extended detached house of 221m², built sometime before 1900. It was last sold for £380,000 in February 2018, which was around 63% 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. All of the three MILL 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 16 FEB	£380,000	£232,441	63% above HPI
2002 31 MAY	£151,250	£114,930	32% above HPI
1998 10 JUL	£90,000	£85,438	5% above 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 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the February 2018 sale, where it rises to 63% above the HPI. The line then continues to track at 63% above the HPI.

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 in Fulwood, based on EPC data. The below chart shows the distribution of detached houses by size in Fulwood, and where MILL COTTAGE lies on this distribution: 94% of detached 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 0.386 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.