PROSPECT COTTAGE, LOWER WAY, RUGELEY, WS15 1QQ - £425,000

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

PROSPECT COTTAGE is a very large detached house of 246m², built sometime between 2003 and 2006. It was last sold for £425,000 in April 2009, which was around 66% above the average April 2009 detached price in the Lichfield local authority area. The most recent EPC inspection was December 2008, where the current energy rating was C, and the potential energy rating was C.

PROSPECT COTTAGE Sold Prices

Land registry data shows two sales for PROSPECT 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 Lichfield local authority area for the corresponding sale date. Both of the two PROSPECT COTTAGE sales were for above 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
2009 3 APR	£425,000	£255,968	66% above HPI
2005 10 NOV	£550,000	£271,187	103% above HPI

PROSPECT 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 two PROSPECT COTTAGE sales from November 2005 and April 2009 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 November 2005 sale was for 103% above the HPI. So the extrapolation line tracks at 103% above the HPI over time, until the April 2009 sale, where it falls to 66% above the HPI. The line then continues to track at 66% above the HPI.

How Large is PROSPECT COTTAGE?

PROSPECT COTTAGE is 246m² according to the EPC inspection conducted in December 2008. This puts it in the largest 20% of detached houses in Upper Longdon, based on EPC data. The below chart shows the distribution of detached houses by size in Upper Longdon, and where PROSPECT COTTAGE lies on this distribution: 87% of detached houses are smaller than PROSPECT COTTAGE, and 13% of houses are larger. Note that EPC data is not available for all properties in Upper Longdon.

PROSPECT COTTAGE: Plot and Title Map

PROSPECT COTTAGE sits on a plot of roughly 0.148 of an acre, or 598m². 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 LOWER WAY in RUGELEY, in the WS15 postcode district. The below map shows the position of PROSPECT COTTAGE on LOWER WAY.