MILL COTTAGE, OLD MILL LANE, PETERSFIELD, GU31 4DA - £700,000

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 small extended detached house of 88m², built sometime before 1900, which could now be worth an estimated £680,909. It was last sold for £700,000 in September 2023, which was around 1% below the average September 2023 detached price in the East Hampshire local authority area. The most recent EPC inspection was February 2012, where the current energy rating was G, and the potential energy rating was F.

MILL COTTAGE Sold Prices

Land registry data shows four sales for MILL COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the East Hampshire local authority area for the corresponding sale date. All of the four 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
2023 7 SEP	£700,000	£704,449	1% below HPI
2020 29 SEP	£588,000	£633,619	7% below HPI
2012 13 SEP	£295,000	£435,295	32% below HPI
2004 2 MAR	£162,500	£340,793	52% below HPI

MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Hampshire local authority area over time, sourced from the HPI. The four MILL COTTAGE sales between March 2004 and September 2023 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 September 2020 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the September 2023 sale, where it rises to 1% below the HPI. The line then continues to track at 1% below the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £680,909.

This is based on house price deflation of 2.7%, between September 2023 and February 2025, for detached houses, in the East Hampshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.7% deflationary decrease is applied to the most recent sale price for MILL COTTAGE of £700,000 on 7th September 2023. For the value to have decreased from £700,000 to £680,909 over the two years and seven months 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 East Hampshire local authority area.
• The September 2023 sale price of £700,000 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since September 2023.

How Large is MILL COTTAGE?

MILL COTTAGE is 88m², which includes two extensions, according to the EPC inspection conducted in February 2012. This puts it in the smallest 20% of detached houses houses in Petersfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Petersfield, and where MILL COTTAGE lies on this distribution: 11% of detached houses houses are smaller than MILL COTTAGE, and 89% of houses are larger. Note that EPC data is not available for all properties in Petersfield.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.144 of an acre, or 581m². 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 OLD MILL LANE in PETERSFIELD, in the GU31 postcode district. The below map shows the position of MILL COTTAGE on OLD MILL LANE.