RAILWAY COTTAGE, CHAPEL HILL, WEST GRIMSTEAD, SALISBURY, SP5 3SG - £278,000

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

RAILWAY COTTAGE is a small detached house of 95m², built in 2023. It was last sold for £278,000 in October 2022, which was around 45% below the average October 2022 detached price in the Wiltshire local authority area. The most recent EPC inspection was March 2024, where the current energy rating was C, and the potential energy rating was B.

RAILWAY COTTAGE Sold Prices

Land registry data shows two sales for RAILWAY 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 Wiltshire local authority area for the corresponding sale date. Both of the two RAILWAY 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 OCT	£278,000	£509,245	45% below HPI
2021 26 FEB	£200,000	£436,700	54% below HPI

RAILWAY COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Wiltshire local authority area over time, sourced from the HPI. The two RAILWAY COTTAGE sales from February 2021 and October 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 February 2021 sale was for 54% below the HPI. So the extrapolation line tracks at 54% below the HPI over time, until the October 2022 sale, where it rises to 45% below the HPI. The line then continues to track at 45% below the HPI.

How Large is RAILWAY COTTAGE?

RAILWAY COTTAGE is 95m² according to the EPC inspection conducted in March 2024. This puts it in the smallest 30% of detached houses in West Grimstead, based on EPC data. The below chart shows the distribution of detached houses by size in West Grimstead, and where RAILWAY COTTAGE lies on this distribution: 29% of detached houses are smaller than RAILWAY COTTAGE, and 71% of houses are larger. Note that EPC data is not available for all properties in West Grimstead.

RAILWAY COTTAGE: Plot and Title Map

RAILWAY COTTAGE sits on a plot of roughly 0.141 of an acre, or 571m². The below map shows the location of RAILWAY 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 RAILWAY 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 RAILWAY COTTAGE?

RAILWAY COTTAGE is located on CHAPEL HILL in WEST GRIMSTEAD, in the SP5 postcode district. The below map shows the position of RAILWAY COTTAGE on CHAPEL HILL.