MILL COTTAGE, MONKLAND, LEOMINSTER, HR6 9DB - £227,500

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 small detached house of 80m², which could now be worth an estimated £320,441. It was last sold for £227,500 in March 2017, which was around 28% below the average March 2017 detached price in the Herefordshire local authority area. The most recent EPC inspection was June 2015, where the current energy rating was C, and the potential energy rating was C.

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 Herefordshire local authority area for the corresponding sale date. All of the three MILL COTTAGE sales 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
2017 20 MAR	£227,500	£314,469	28% below HPI
2001 31 OCT	£75,000	£153,873	51% below HPI
1995 31 MAR	£80,000	£86,670	8% below HPI

MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Herefordshire local authority area over time, sourced from the HPI. The three MILL COTTAGE sales between March 1995 and March 2017 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 2001 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2017 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £320,441.

This is based on house price inflation of 40.9%, between March 2017 and February 2025, for detached houses, in the Herefordshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 40.9% inflationary increase is applied to the most recent sale price for MILL COTTAGE of £227,500 on 20th March 2017. For the value to have increased from £227,500 to £320,441 over the eight years and one month 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 Herefordshire local authority area.
• The March 2017 sale price of £227,500 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since March 2017.

How Large is MILL COTTAGE?

MILL COTTAGE is 80m² according to the EPC inspection conducted in June 2015. This puts it in the smallest 10% of detached houses houses in Monkland, based on EPC data. The below chart shows the distribution of detached houses houses by size in Monkland, and where MILL COTTAGE lies on this distribution: Less than 1% of detached houses houses are smaller than MILL COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Monkland.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.081 of an acre, or 328m². 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 in MONKLAND, in the HR6 postcode district. The below map shows the position of MILL COTTAGE in MONKLAND.