NEW COTTAGE, HIGH STREET, PORLOCK, MINEHEAD, TA24 8PY - £260,000

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.

NEW COTTAGE is a midsized extended detached house of 120m², built sometime before 1900, which could now be worth an estimated £383,762. It was last sold for £260,000 in July 2015, which was around 17% below the average July 2015 detached price in the Somerset local authority area. The most recent EPC inspection was January 2014, where the current energy rating was F, and the potential energy rating was C.

NEW COTTAGE Sold Prices

Land registry data shows two sales for NEW 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 Somerset local authority area for the corresponding sale date. Both of the two NEW 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
2015 30 JUL	£260,000	£311,942	17% below HPI
2010 11 OCT	£210,000	£286,834	27% below HPI

NEW COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Somerset local authority area over time, sourced from the HPI. The two NEW COTTAGE sales from October 2010 and July 2015 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 2010 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the July 2015 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might NEW COTTAGE be worth now?

NEW COTTAGE might now be worth an estimated £383,762.

This is based on house price inflation of 47.6%, between July 2015 and February 2025, for detached houses, in the Somerset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 47.6% inflationary increase is applied to the most recent sale price for NEW COTTAGE of £260,000 on 30th July 2015. For the value to have increased from £260,000 to £383,762 over the ten years and five months to February 2025, the following assumptions must hold true:

• The value of NEW COTTAGE has moved in line with the HPI for detached houses in the Somerset local authority area.
• The July 2015 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of NEW COTTAGE has not materially changed since July 2015.

How Large is NEW COTTAGE?

NEW COTTAGE is 120m², which includes two extensions, according to the EPC inspection conducted in January 2014. This puts it in the smallest 50% of detached houses houses in Porlock, based on EPC data. The below chart shows the distribution of detached houses houses by size in Porlock, and where NEW COTTAGE lies on this distribution: 41% of detached houses houses are smaller than NEW COTTAGE, and 59% of houses are larger. Note that EPC data is not available for all properties in Porlock.

NEW COTTAGE: Plot and Title Map

NEW COTTAGE sits on a plot of roughly 0.083 of an acre, or 336m². The below map shows the location of NEW 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 NEW 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 NEW COTTAGE?

NEW COTTAGE is located on HIGH STREET in PORLOCK, in the TA24 postcode district. The below map shows the position of NEW COTTAGE on HIGH STREET.