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

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.

POUND COTTAGE is a very small extended detached house of 46m², built sometime between 1991 and 1995, which could now be worth an estimated £334,852. It was last sold for £350,000 in September 2022, which was around 37% 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	£552,336	37% below HPI
2018 17 DEC	£252,000	£437,578	42% 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 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the September 2022 sale, where it rises to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might POUND COTTAGE be worth now?

POUND COTTAGE might now be worth an estimated £334,852.

This is based on house price deflation of 4.3%, between September 2022 and February 2025, for detached houses, in the Dorset local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4.3% deflationary decrease is applied to the most recent sale price for POUND COTTAGE of £350,000 on 20th September 2022. For the value to have decreased from £350,000 to £334,852 over the three years and seven months to February 2025, the following assumptions must hold true:

• The value of POUND COTTAGE has moved in line with the HPI for detached houses in the Dorset local authority area.
• The September 2022 sale price of £350,000 represented a fair market value for the property.
• The size, condition, and specification of POUND COTTAGE has not materially changed since September 2022.

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 houses in Stoborough, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stoborough, and where POUND COTTAGE lies on this distribution: Less than 1% of detached houses 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.