SPRING COTTAGE, CHAPEL HILL, WEST GRIMSTEAD, SALISBURY, SP5 3SJ - £615,000

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

SPRING COTTAGE is a large extended detached house of 138m², built sometime before 1900. It was last sold for £615,000 in February 2021, which was around 41% above the average February 2021 detached price in the Wiltshire local authority area. The most recent EPC inspection was August 2020, where the current energy rating was D, and the potential energy rating was B.

SPRING COTTAGE Sold Prices

Land registry data shows two sales for SPRING 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 SPRING 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
2021 17 FEB	£615,000	£436,700	41% above HPI
2013 9 JAN	£400,000	£308,282	30% above HPI

SPRING 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 SPRING COTTAGE sales from January 2013 and February 2021 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 January 2013 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the February 2021 sale, where it rises to 41% above the HPI. The line then continues to track at 41% above the HPI.

How Large is SPRING COTTAGE?

SPRING COTTAGE is 138m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the largest 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 SPRING COTTAGE lies on this distribution: 73% of detached houses are smaller than SPRING COTTAGE, and 27% of houses are larger. Note that EPC data is not available for all properties in West Grimstead.

SPRING COTTAGE: Plot and Title Map

SPRING COTTAGE sits on a plot of roughly 0.227 of an acre, or 919m². The below map shows the location of SPRING 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 SPRING 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 SPRING COTTAGE?

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