MILL COTTAGE, MILL LANE, HAMMERWICH, BURNTWOOD, WS7 0JR - £820,000

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 229m², built sometime before 1900. It was last sold for £820,000 in March 2022, which was around 86% above the average March 2022 detached price in the Lichfield local authority area. The most recent EPC inspection was December 2020, where the current energy rating was E, 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 Lichfield 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
2022 1 MAR	£820,000	£441,605	86% above HPI
2012 10 OCT	£540,000	£281,522	92% above HPI
2004 20 AUG	£450,000	£252,661	78% above HPI

MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The three MILL COTTAGE sales between August 2004 and March 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 October 2012 sale was for 92% above the HPI. So the extrapolation line tracks at 92% above the HPI over time, until the March 2022 sale, where it falls to 86% above the HPI. The line then continues to track at 86% above the HPI.

How Large is MILL COTTAGE?

MILL COTTAGE is 229m², which includes two extensions, according to the EPC inspection conducted in December 2020. This puts it in the largest 10% of detached houses in Hammerwich, based on EPC data. The below chart shows the distribution of detached houses by size in Hammerwich, and where MILL COTTAGE lies on this distribution: 93% of detached houses are smaller than MILL COTTAGE, and 7% of houses are larger. Note that EPC data is not available for all properties in Hammerwich.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.477 of an acre, or 1,932m². 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 MILL LANE in HAMMERWICH, in the WS7 postcode district. The below map shows the position of MILL COTTAGE on MILL LANE.