TERETS COTTAGE, RISING LANE, LAPWORTH, SOLIHULL, B94 6JA - £1,000,000

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

TERETS COTTAGE is a very large extended detached house of 236m², built sometime from 2007 onwards. It was last sold for £1,000,000 in August 2014, which was around 137% above the average August 2014 detached price in the Warwick local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was C.

TERETS COTTAGE Sold Prices

Land registry data shows two sales for TERETS 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 Warwick local authority area for the corresponding sale date. Both of the two TERETS 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
2014 22 AUG	£1,000,000	£422,341	137% above HPI
2010 27 AUG	£530,000	£354,364	50% above HPI

TERETS COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Warwick local authority area over time, sourced from the HPI. The two TERETS COTTAGE sales from August 2010 and August 2014 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 August 2010 sale was for 50% above the HPI. So the extrapolation line tracks at 50% above the HPI over time, until the August 2014 sale, where it rises to 137% above the HPI. The line then continues to track at 137% above the HPI.

How Large is TERETS COTTAGE?

TERETS COTTAGE is 236m², which includes one extension, according to the EPC inspection conducted in October 2013. This puts it in the largest 20% of detached houses in Kingswood, based on EPC data. The below chart shows the distribution of detached houses by size in Kingswood, and where TERETS COTTAGE lies on this distribution: 81% of detached houses are smaller than TERETS COTTAGE, and 19% of houses are larger. Note that EPC data is not available for all properties in Kingswood.

TERETS COTTAGE: Plot and Title Map

TERETS COTTAGE sits on a plot of roughly 0.271 of an acre, or 1,098m². The below map shows the location of TERETS 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 TERETS 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 TERETS COTTAGE?

TERETS COTTAGE is located on RISING LANE in LAPWORTH, in the B94 postcode district. The below map shows the position of TERETS COTTAGE on RISING LANE.