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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

ROSE COTTAGE is a small detached house of 110m², built sometime between 1967 and 1975, which could now be worth an estimated £268,671. It was last sold for £220,000 in November 2020, which was around 20% 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	£273,516	20% below HPI
2002 28 JUN	£124,000	£110,755	12% above HPI
1996 26 JUL	£71,000	£74,706	5% 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 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the November 2020 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might ROSE COTTAGE be worth now?

ROSE COTTAGE might now be worth an estimated £268,671.

This is based on house price inflation of 22.1%, between November 2020 and February 2025, for detached houses, in the Lancaster local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.1% inflationary increase is applied to the most recent sale price for ROSE COTTAGE of £220,000 on 12th November 2020. For the value to have increased from £220,000 to £268,671 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of ROSE COTTAGE has moved in line with the HPI for detached houses in the Lancaster local authority area.
• The November 2020 sale price of £220,000 represented a fair market value for the property.
• The size, condition, and specification of ROSE COTTAGE has not materially changed since November 2020.

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 houses in Lancaster, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lancaster, and where ROSE COTTAGE lies on this distribution: 35% of detached houses houses are smaller than ROSE COTTAGE, and 62% 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.