PEACE COTTAGE, THE GREEN, HANDSACRE, RUGELEY, WS15 4DP - £230,000

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.

PEACE COTTAGE is a midsized detached house of 89m², built sometime between 2003 and 2006, which could now be worth an estimated £345,575. It was last sold for £230,000 in November 2015, which was around 32% below the average November 2015 detached price in the Lichfield local authority area. The most recent EPC inspection was August 2015, where the current energy rating was C, and the potential energy rating was B.

PEACE COTTAGE Sold Prices

Land registry data shows three sales for PEACE 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 PEACE 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
2015 20 NOV	£230,000	£338,869	32% below HPI
2005 16 MAY	£249,950	£267,090	6% below HPI
2002 13 JUN	£140,000	£181,012	23% below HPI

PEACE 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 PEACE COTTAGE sales between June 2002 and November 2015 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 2005 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the November 2015 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might PEACE COTTAGE be worth now?

PEACE COTTAGE might now be worth an estimated £345,575.

This is based on house price inflation of 50.3%, between November 2015 and February 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 50.3% inflationary increase is applied to the most recent sale price for PEACE COTTAGE of £230,000 on 20th November 2015. For the value to have increased from £230,000 to £345,575 over the ten years and nine months to February 2025, the following assumptions must hold true:

• The value of PEACE COTTAGE has moved in line with the HPI for detached houses in the Lichfield local authority area.
• The November 2015 sale price of £230,000 represented a fair market value for the property.
• The size, condition, and specification of PEACE COTTAGE has not materially changed since November 2015.

How Large is PEACE COTTAGE?

PEACE COTTAGE is 89m² according to the EPC inspection conducted in August 2015. This puts it in the smallest 50% of detached houses houses in Handsacre, based on EPC data. The below chart shows the distribution of detached houses houses by size in Handsacre, and where PEACE COTTAGE lies on this distribution: 42% of detached houses houses are smaller than PEACE COTTAGE, and 52% of houses are larger. Note that EPC data is not available for all properties in Handsacre.

PEACE COTTAGE: Plot and Title Map

PEACE COTTAGE sits on a plot of roughly 0.094 of an acre, or 380m². The below map shows the location of PEACE 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 PEACE 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 PEACE COTTAGE?

PEACE COTTAGE is located on THE GREEN in HANDSACRE, in the WS15 postcode district. The below map shows the position of PEACE COTTAGE on THE GREEN.