NETHERWOOD, BURRAS LANE, OTLEY, LS21 3EP - £391,500

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

NETHERWOOD is a large extended detached house of 133m², built sometime between 1930 and 1949. It was last sold for £391,500 in February 2021, which was around 6% above the average February 2021 detached price in the Leeds local authority area. The most recent EPC inspection was September 2020, where the current energy rating was E, and the potential energy rating was C.

NETHERWOOD Sold Prices

Land registry data shows two sales for NETHERWOOD since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Leeds local authority area for the corresponding sale date. One of the two NETHERWOOD sales was for above the average price, whilst the other was 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
2021 1 FEB	£391,500	£370,598	6% above HPI
2003 2 JAN	£135,000	£173,214	22% below HPI

NETHERWOOD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Leeds local authority area over time, sourced from the HPI. The two NETHERWOOD sales from January 2003 and February 2021 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 January 2003 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the February 2021 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

How Large is NETHERWOOD?

NETHERWOOD is 133m², which includes two extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 30% of detached houses in Otley, based on EPC data. The below chart shows the distribution of detached houses by size in Otley, and where NETHERWOOD lies on this distribution: 70% of detached houses are smaller than NETHERWOOD, and 29% of houses are larger. Note that EPC data is not available for all properties in Otley.

NETHERWOOD: Plot and Title Map

NETHERWOOD sits on a plot of roughly 0.112 of an acre, or 455m². The below map shows the location of NETHERWOOD, 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 NETHERWOOD). 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 NETHERWOOD?

NETHERWOOD is located on BURRAS LANE in OTLEY, in the LS21 postcode district. The below map shows the position of NETHERWOOD on BURRAS LANE.