POUND COTTAGE, MELANCHOLY LANE, WAREHAM, BH20 5AQ - £350,000

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

POUND COTTAGE is a very small extended detached house of 46m², built sometime between 1991 and 1995. It was last sold for £350,000 in September 2022, which was around 35% below the average September 2022 detached price in the Dorset local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

POUND COTTAGE Sold Prices

Land registry data shows two sales for POUND 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 Dorset local authority area for the corresponding sale date. Both of the two POUND 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
2022 20 SEP	£350,000	£535,653	35% below HPI
2018 17 DEC	£252,000	£424,361	41% below HPI

POUND COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Dorset local authority area over time, sourced from the HPI. The two POUND COTTAGE sales from December 2018 and September 2022 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 2018 sale was for 41% below the HPI. So the extrapolation line tracks at 41% below the HPI over time, until the September 2022 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is POUND COTTAGE?

POUND COTTAGE is 46m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses in Stoborough, based on EPC data. The below chart shows the distribution of detached houses by size in Stoborough, and where POUND COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than POUND COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in Stoborough.

POUND COTTAGE: Plot and Title Map

POUND COTTAGE sits on a plot of roughly 0.053 of an acre, or 214m². The below map shows the location of POUND 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 POUND 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 POUND COTTAGE?

POUND COTTAGE is located on MELANCHOLY LANE in WAREHAM, in the BH20 postcode district. The below map shows the position of POUND COTTAGE on MELANCHOLY LANE.