PEAR TREE COTTAGE, THE SQUARE, MILNTHORPE, LA7 7QJ - £170,000

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

PEAR TREE COTTAGE is a very small detached house of 40m², built sometime between 1983 and 1990. It was last sold for £170,000 in September 2021, which was around 49% below the average September 2021 detached price in the Westmorland and Furness local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was B.

PEAR TREE COTTAGE Sold Prices

Land registry data shows three sales for PEAR TREE 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 Westmorland and Furness local authority area for the corresponding sale date. All of the three PEAR TREE 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
2021 17 SEP	£170,000	£331,791	49% below HPI
2020 26 JUN	£150,000	£305,563	51% below HPI
2009 12 JUN	£127,000	£254,219	50% below HPI

PEAR TREE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Westmorland and Furness local authority area over time, sourced from the HPI. The three PEAR TREE COTTAGE sales between June 2009 and September 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 June 2020 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the September 2021 sale, where it rises to 49% below the HPI. The line then continues to track at 49% below the HPI.

How Large is PEAR TREE COTTAGE?

PEAR TREE COTTAGE is 40m² according to the EPC inspection conducted in February 2020. This puts it in the smallest 10% of detached houses in Milnthorpe, based on EPC data. The below chart shows the distribution of detached houses by size in Milnthorpe, and where PEAR TREE COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than PEAR TREE COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Milnthorpe.

PEAR TREE COTTAGE: Plot and Title Map

PEAR TREE COTTAGE sits on a plot of roughly 0.035 of an acre, or 143m². The below map shows the location of PEAR TREE 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 PEAR TREE 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 PEAR TREE COTTAGE?

PEAR TREE COTTAGE is located on THE SQUARE in MILNTHORPE, in the LA7 postcode district. The below map shows the position of PEAR TREE COTTAGE on THE SQUARE.