OAK COTTAGE, CORBY HILL, CARLISLE, CA4 8PJ - £240,000

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

OAK COTTAGE is a very large extended detached house of 237m², built sometime before 1900. It was last sold for £240,000 in March 2021, which was around 4% above the average March 2021 detached price in the Cumberland local authority area. The most recent EPC inspection was February 2017, where the current energy rating was C, and the potential energy rating was B.

OAK COTTAGE Sold Prices

Land registry data shows three sales for OAK 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 Cumberland local authority area for the corresponding sale date. Two of the three OAK COTTAGE sales were for above the average price, whilst one 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 19 MAR	£240,000	£230,071	4% above HPI
2017 24 JUL	£222,500	£211,442	5% above HPI
1996 25 OCT	£59,000	£70,234	16% below HPI

OAK COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cumberland local authority area over time, sourced from the HPI. The three OAK COTTAGE sales between October 1996 and March 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 July 2017 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the March 2021 sale, where it falls to 4% above the HPI. The line then continues to track at 4% above the HPI.

How Large is OAK COTTAGE?

OAK COTTAGE is 237m², which includes one extension, according to the EPC inspection conducted in February 2017. This puts it in the largest 10% of detached houses in Warwick Bridge, based on EPC data. The below chart shows the distribution of detached houses by size in Warwick Bridge, and where OAK COTTAGE lies on this distribution: 95% of detached houses are smaller than OAK COTTAGE, and 5% of houses are larger. Note that EPC data is not available for all properties in Warwick Bridge.

OAK COTTAGE: Plot and Title Map

OAK COTTAGE sits on a plot of roughly 0.121 of an acre, or 490m². The below map shows the location of OAK 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 OAK 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 OAK COTTAGE?

OAK COTTAGE is located in CORBY HILL, in the CA4 postcode district. The below map shows the position of OAK COTTAGE in CORBY HILL.