THE COTTAGE, CHAPEL LANE, ADDERBURY, BANBURY, OX17 3LY - £275,000

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

THE COTTAGE is a very small extended detached house of 79m², built sometime between 1900 and 1929. It was last sold for £275,000 in February 2011, which was around 20% below the average February 2011 detached price in the Cherwell local authority area. The most recent EPC inspection was September 2010, where the current energy rating was F, and the potential energy rating was E.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE 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 Cherwell local authority area for the corresponding sale date. One of the three THE COTTAGE sales was for below the average price, whilst two 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
2011 16 FEB	£275,000	£344,873	20% below HPI
1998 26 JUN	£146,000	£138,704	5% above HPI
1996 5 JUL	£110,000	£103,533	6% above HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cherwell local authority area over time, sourced from the HPI. The three THE COTTAGE sales between July 1996 and February 2011 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 1998 sale was for 5% above the HPI. So the extrapolation line tracks at 5% above the HPI over time, until the February 2011 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 79m², which includes one extension, according to the EPC inspection conducted in September 2010. This puts it in the smallest 10% of detached houses in Adderbury, based on EPC data. The below chart shows the distribution of detached houses by size in Adderbury, and where THE COTTAGE lies on this distribution: 3% of detached houses are smaller than THE COTTAGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Adderbury.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.061 of an acre, or 246m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on CHAPEL LANE in ADDERBURY, in the OX17 postcode district. The below map shows the position of THE COTTAGE on CHAPEL LANE.