PROSPECT COTTAGE, DICKHILLS LANE, TORRINGTON, EX38 8BB - £287,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

PROSPECT COTTAGE is a small extended detached house of 88m², built sometime between 1996 and 2002. It was last sold for £287,000 in December 2017, which was around 11% below the average December 2017 detached price in the Torridge local authority area. The most recent EPC inspection was February 2016, where the current energy rating was F, and the potential energy rating was C.

PROSPECT COTTAGE Sold Prices

Land registry data shows three sales for PROSPECT 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 Torridge local authority area for the corresponding sale date. All of the three PROSPECT 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
2017 5 DEC	£287,000	£321,736	11% below HPI
2016 22 MAR	£250,000	£303,258	18% below HPI
2011 4 FEB	£202,500	£246,673	18% below HPI

PROSPECT COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Torridge local authority area over time, sourced from the HPI. The three PROSPECT COTTAGE sales between February 2011 and December 2017 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 March 2016 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2017 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is PROSPECT COTTAGE?

PROSPECT COTTAGE is 88m², which includes one extension, according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% of detached houses in Great Torrington, based on EPC data. The below chart shows the distribution of detached houses by size in Great Torrington, and where PROSPECT COTTAGE lies on this distribution: 36% of detached houses are smaller than PROSPECT COTTAGE, and 62% of houses are larger. Note that EPC data is not available for all properties in Great Torrington.

PROSPECT COTTAGE: Plot and Title Map

PROSPECT COTTAGE sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of PROSPECT 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 PROSPECT 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 PROSPECT COTTAGE?

PROSPECT COTTAGE is located on DICKHILLS LANE in TORRINGTON, in the EX38 postcode district. The below map shows the position of PROSPECT COTTAGE on DICKHILLS LANE.