RAINBOW COTTAGE, LITTLE SOMERFORD, CHIPPENHAM, SN15 5JW - £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

RAINBOW COTTAGE is a very small extended detached house of 92m², built sometime before 1900. It was last sold for £425,000 in July 2022, which was around 13% below the average July 2022 detached price in the Wiltshire local authority area. The most recent EPC inspection was March 2022, where the current energy rating was F, and the potential energy rating was E.

RAINBOW COTTAGE Sold Prices

Land registry data shows three sales for RAINBOW 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 Wiltshire local authority area for the corresponding sale date. All of the three RAINBOW 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 5 JUL	£425,000	£489,539	13% below HPI
2010 1 FEB	£246,500	£305,988	19% below HPI
1996 1 MAR	£85,000	£95,719	11% below HPI

RAINBOW 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 three RAINBOW COTTAGE sales between March 1996 and July 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 2010 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the July 2022 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is RAINBOW COTTAGE?

RAINBOW COTTAGE is 92m², which includes one extension, according to the EPC inspection conducted in March 2022. This puts it in the smallest 10% of detached houses in Little Somerford, based on EPC data. The below chart shows the distribution of detached houses by size in Little Somerford, and where RAINBOW COTTAGE lies on this distribution: 5% of detached houses are smaller than RAINBOW COTTAGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Little Somerford.

RAINBOW COTTAGE: Plot and Title Map

RAINBOW COTTAGE sits on a plot of roughly 0.055 of an acre, or 223m². The below map shows the location of RAINBOW 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 RAINBOW 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 RAINBOW COTTAGE?

RAINBOW COTTAGE is located in LITTLE SOMERFORD, in the SN15 postcode district. The below map shows the position of RAINBOW COTTAGE in LITTLE SOMERFORD.