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

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

SPRING COTTAGE is a large extended detached house of 138m², built sometime before 1900, which could now be worth an estimated £707,271. It was last sold for £615,000 in February 2021, which was around 36% 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	£451,915	36% above HPI
2013 9 JAN	£400,000	£319,023	25% 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 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the February 2021 sale, where it rises to 36% above the HPI. The line then continues to track at 36% above the HPI.

What might SPRING COTTAGE be worth now?

SPRING COTTAGE might now be worth an estimated £707,271.

This is based on house price inflation of 15%, between February 2021 and December 2024, for detached houses, in the Wiltshire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15% inflationary increase is applied to the most recent sale price for SPRING COTTAGE of £615,000 on 17th February 2021. For the value to have increased from £615,000 to £707,271 over the two years and two months to December 2024, the following assumptions must hold true:

• The value of SPRING COTTAGE has moved in line with the HPI for detached houses in the Wiltshire local authority area.
• The February 2021 sale price of £615,000 represented a fair market value for the property.
• The size, condition, and specification of SPRING COTTAGE has not materially changed since February 2021.

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 houses in West Grimstead, based on EPC data. The below chart shows the distribution of detached houses houses by size in West Grimstead, and where SPRING COTTAGE lies on this distribution: 73% of detached houses 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.