NORTH COTTAGE, SAFFRON ROAD, WIGSTON, LE18 4UQ - £150,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

NORTH COTTAGE is a very small extended detached house of 69m², built sometime before 1900. It was last sold for £150,000 in August 2006, which was around 39% below the average August 2006 detached price in the Oadby and Wigston local authority area. The most recent EPC inspection was November 2016, where the current energy rating was E, and the potential energy rating was C.

NORTH COTTAGE Sold Prices

Land registry data shows three sales for NORTH 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 Oadby and Wigston local authority area for the corresponding sale date. All of the three NORTH 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
2006 4 AUG	£150,000	£245,237	39% below HPI
2005 23 MAR	£142,000	£238,303	40% below HPI
2004 12 NOV	£102,500	£230,981	56% below HPI

NORTH COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Oadby and Wigston local authority area over time, sourced from the HPI. The three NORTH COTTAGE sales between November 2004 and August 2006 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 March 2005 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the August 2006 sale, where it rises to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is NORTH COTTAGE?

NORTH COTTAGE is 69m², which includes one extension, according to the EPC inspection conducted in November 2016. This puts it in the smallest 10% of detached houses in Wigston, based on EPC data. The below chart shows the distribution of detached houses by size in Wigston, and where NORTH COTTAGE lies on this distribution: 7% of detached houses are smaller than NORTH COTTAGE, and 92% of houses are larger. Note that EPC data is not available for all properties in Wigston.

NORTH COTTAGE: Plot and Title Map

NORTH COTTAGE sits on a plot of roughly 0.211 of an acre, or 856m². The below map shows the location of NORTH 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 NORTH 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 NORTH COTTAGE?

NORTH COTTAGE is located on SAFFRON ROAD in WIGSTON, in the LE18 postcode district. The below map shows the position of NORTH COTTAGE on SAFFRON ROAD.