ROSE COTTAGE, LONG MARSH LANE, LANCASTER, LA1 5QY - £220,000

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

ROSE COTTAGE is a small detached house of 110m², built sometime between 1967 and 1975. It was last sold for £220,000 in November 2020, which was around 22% below the average November 2020 detached price in the Lancaster local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was C.

ROSE COTTAGE Sold Prices

Land registry data shows three sales for ROSE 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 Lancaster local authority area for the corresponding sale date. Two of the three ROSE COTTAGE sales were for below the average price, whilst one was 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
2020 12 NOV	£220,000	£281,968	22% below HPI
2002 28 JUN	£124,000	£114,177	9% above HPI
1996 26 JUL	£71,000	£77,015	8% below HPI

ROSE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Lancaster local authority area over time, sourced from the HPI. The three ROSE COTTAGE sales between July 1996 and November 2020 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 June 2002 sale was for 9% above the HPI. So the extrapolation line tracks at 9% above the HPI over time, until the November 2020 sale, where it falls to 22% below the HPI. The line then continues to track at 22% below the HPI.

How Large is ROSE COTTAGE?

ROSE COTTAGE is 110m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 40% of detached houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses by size in Lancaster, and where ROSE COTTAGE lies on this distribution: 35% of detached houses are smaller than ROSE COTTAGE, and 61% of houses are larger. Note that EPC data is not available for all properties in Lancaster.

ROSE COTTAGE: Plot and Title Map

ROSE COTTAGE sits on a plot of roughly 0.160 of an acre, or 646m². The below map shows the location of ROSE 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 ROSE 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 ROSE COTTAGE?

ROSE COTTAGE is located on LONG MARSH LANE in LANCASTER, in the LA1 postcode district. The below map shows the position of ROSE COTTAGE on LONG MARSH LANE.