OLD WAY COTTAGE, ORESTAN LANE, EFFINGHAM, LEATHERHEAD, KT24 5SN - £635,000

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

OLD WAY COTTAGE is a small extended detached house of 129m², built sometime between 1900 and 1929. It was last sold for £635,000 in November 2018, which was around 18% below the average November 2018 detached price in the Guildford local authority area. The most recent EPC inspection was March 2018, where the current energy rating was E, and the potential energy rating was C.

OLD WAY COTTAGE Sold Prices

Land registry data shows two sales for OLD WAY 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 Guildford local authority area for the corresponding sale date. Both of the two OLD WAY 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
2018 5 NOV	£635,000	£776,792	18% below HPI
1995 19 MAY	£114,000	£151,171	25% below HPI

OLD WAY COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Guildford local authority area over time, sourced from the HPI. The two OLD WAY COTTAGE sales from May 1995 and November 2018 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 May 1995 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the November 2018 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is OLD WAY COTTAGE?

OLD WAY COTTAGE is 129m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% of detached houses in Effingham, based on EPC data. The below chart shows the distribution of detached houses by size in Effingham, and where OLD WAY COTTAGE lies on this distribution: 35% of detached houses are smaller than OLD WAY COTTAGE, and 64% of houses are larger. Note that EPC data is not available for all properties in Effingham.

OLD WAY COTTAGE: Plot and Title Map

OLD WAY COTTAGE sits on a plot of roughly 0.176 of an acre, or 714m². The below map shows the location of OLD WAY 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 OLD WAY 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 OLD WAY COTTAGE?

OLD WAY COTTAGE is located on ORESTAN LANE in EFFINGHAM, in the KT24 postcode district. The below map shows the position of OLD WAY COTTAGE on ORESTAN LANE.