MILL COTTAGE, SPRING LANE, OXTED, RH8 9PB - £730,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

MILL COTTAGE is a very small detached house of 90m², built sometime between 1930 and 1949, which could now be worth an estimated £839,005. It was last sold for £730,000 in March 2019, which was around 6% below the average March 2019 detached price in the Tandridge local authority area. The most recent EPC inspection was November 2017, where the current energy rating was E, and the potential energy rating was C.

MILL COTTAGE Sold Prices

Land registry data shows two sales for MILL COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Tandridge local authority area for the corresponding sale date. Both of the two 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
2019 28 MAR	£730,000	£777,710	6% below HPI
2011 11 NOV	£240,000	£540,699	56% below HPI

MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tandridge local authority area over time, sourced from the HPI. The two MILL COTTAGE sales from November 2011 and March 2019 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 November 2011 sale was for 56% below the HPI. So the extrapolation line tracks at 56% below the HPI over time, until the March 2019 sale, where it rises to 6% below the HPI. The line then continues to track at 6% below the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £839,005.

This is based on house price inflation of 14.9%, between March 2019 and December 2024, for detached houses, in the Tandridge local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 14.9% inflationary increase is applied to the most recent sale price for MILL COTTAGE of £730,000 on 28th March 2019. For the value to have increased from £730,000 to £839,005 over the four years and three months to December 2024, the following assumptions must hold true:

• The value of MILL COTTAGE has moved in line with the HPI for detached houses in the Tandridge local authority area.
• The March 2019 sale price of £730,000 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since March 2019.

How Large is MILL COTTAGE?

MILL COTTAGE is 90m² according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of detached houses houses in Oxted, based on EPC data. The below chart shows the distribution of detached houses houses by size in Oxted, and where MILL COTTAGE lies on this distribution: 8% of detached houses houses are smaller than MILL COTTAGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Oxted.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.102 of an acre, or 414m². 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 SPRING LANE in OXTED, in the RH8 postcode district. The below map shows the position of MILL COTTAGE on SPRING LANE.