PARK COTTAGE, DRAYTON LANE, DRAYTON BASSETT, TAMWORTH, B78 3TS - £1,125,000

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.

PARK COTTAGE is a very large extended detached house of 349m², built sometime before 1900, which could now be worth an estimated £1,513,282. It was last sold for £1,125,000 in September 2019, which was around 197% above the average September 2019 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2018, where the current energy rating was D, and the potential energy rating was C.

PARK COTTAGE Sold Prices

Land registry data shows three sales for PARK 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 Lichfield local authority area for the corresponding sale date. All of the three PARK COTTAGE sales were for above 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
2019 12 SEP	£1,125,000	£378,175	197% above HPI
2007 24 AUG	£970,000	£303,821	219% above HPI
1996 14 JUN	£165,000	£97,793	69% above HPI

PARK COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lichfield local authority area over time, sourced from the HPI. The three PARK COTTAGE sales between June 1996 and September 2019 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 August 2007 sale was for 219% above the HPI. So the extrapolation line tracks at 219% above the HPI over time, until the September 2019 sale, where it falls to 197% above the HPI. The line then continues to track at 197% above the HPI.

What might PARK COTTAGE be worth now?

PARK COTTAGE might now be worth an estimated £1,513,282.

This is based on house price inflation of 34.5%, between September 2019 and March 2025, for detached houses, in the Lichfield local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 34.5% inflationary increase is applied to the most recent sale price for PARK COTTAGE of £1,125,000 on 12th September 2019. For the value to have increased from £1,125,000 to £1,513,282 over the six years and six months to March 2025, the following assumptions must hold true:

• The value of PARK COTTAGE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The September 2019 sale price of £1,125,000 represented a fair market value for the property.
• The size, condition, and specification of PARK COTTAGE has not materially changed since September 2019.

How Large is PARK COTTAGE?

PARK COTTAGE is 349m², which includes four extensions, according to the EPC inspection conducted in August 2018. This puts it in the largest 10% of detached houses houses in Drayton Bassett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Drayton Bassett, and where PARK COTTAGE lies on this distribution: 95% of detached houses houses are smaller than PARK COTTAGE, and 5% of houses are larger. Note that EPC data is not available for all properties in Drayton Bassett.

PARK COTTAGE: Plot and Title Map

PARK COTTAGE sits on a plot of roughly 0.507 of an acre, or 2,052m². The below map shows the location of PARK 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 PARK 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 PARK COTTAGE?

PARK COTTAGE is located on DRAYTON LANE in DRAYTON BASSETT, in the B78 postcode district. The below map shows the position of PARK COTTAGE on DRAYTON LANE.