OLCOTE, SUNK ISLAND ROAD, OTTRINGHAM, HULL, HU12 0DX - £170,000

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.

OLCOTE is a very small extended detached house of 82m², built sometime between 1950 and 1966, which could now be worth an estimated £221,437. It was last sold for £170,000 in April 2020, which was around 35% below the average April 2020 detached price in the East Riding of Yorkshire local authority area. The most recent EPC inspection was November 2018, where the current energy rating was D, and the potential energy rating was C.

OLCOTE Sold Prices

Land registry data shows two sales for OLCOTE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the East Riding of Yorkshire local authority area for the corresponding sale date. Both of the two OLCOTE 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
2020 21 APR	£170,000	£261,914	35% below HPI
2008 22 DEC	£162,000	£211,420	23% below HPI

OLCOTE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Riding of Yorkshire local authority area over time, sourced from the HPI. The two OLCOTE sales from December 2008 and April 2020 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 December 2008 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the April 2020 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

What might OLCOTE be worth now?

OLCOTE might now be worth an estimated £221,437.

This is based on house price inflation of 30.3%, between April 2020 and February 2025, for detached houses, in the East Riding of Yorkshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 30.3% inflationary increase is applied to the most recent sale price for OLCOTE of £170,000 on 21st April 2020. For the value to have increased from £170,000 to £221,437 over the five years and two months to February 2025, the following assumptions must hold true:

• The value of OLCOTE has moved in line with the HPI for detached houses in the East Riding of Yorkshire local authority area.
• The April 2020 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of OLCOTE has not materially changed since April 2020.

How Large is OLCOTE?

OLCOTE is 82m², which includes one extension, according to the EPC inspection conducted in November 2018. This puts it in the smallest 20% of detached houses houses in Ottringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ottringham, and where OLCOTE lies on this distribution: 14% of detached houses houses are smaller than OLCOTE, and 86% of houses are larger. Note that EPC data is not available for all properties in Ottringham.

OLCOTE: Plot and Title Map

OLCOTE sits on a plot of roughly 0.173 of an acre, or 702m². The below map shows the location of OLCOTE, 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 OLCOTE). 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 OLCOTE?

OLCOTE is located on SUNK ISLAND ROAD in OTTRINGHAM, in the HU12 postcode district. The below map shows the position of OLCOTE on SUNK ISLAND ROAD.