THE COTTAGE, HALL LANE, ASHBY MAGNA, LUTTERWORTH, LE17 5ND - £515,000

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 small extended detached house of 127m², built sometime before 1900. It was last sold for £515,000 in February 2018, which was around 34% above the average February 2018 detached price in the Harborough local authority area. The most recent EPC inspection was June 2012, where the current energy rating was G, and the potential energy rating was D.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE 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 Harborough local authority area for the corresponding sale date. Both of the two THE 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
2018 2 FEB	£515,000	£382,942	34% above HPI
2015 15 JUL	£465,000	£330,096	41% above HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Harborough local authority area over time, sourced from the HPI. The two THE COTTAGE sales from July 2015 and February 2018 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 July 2015 sale was for 41% above the HPI. So the extrapolation line tracks at 41% above the HPI over time, until the February 2018 sale, where it falls to 34% above the HPI. The line then continues to track at 34% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 127m², which includes one extension, according to the EPC inspection conducted in June 2012. This puts it in the smallest 40% of detached houses in Ashby Magna, based on EPC data. The below chart shows the distribution of detached houses by size in Ashby Magna, and where THE COTTAGE lies on this distribution: 32% of detached houses are smaller than THE COTTAGE, and 68% of houses are larger. Note that EPC data is not available for all properties in Ashby Magna.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.132 of an acre, or 536m². 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 HALL LANE in ASHBY MAGNA, in the LE17 postcode district. The below map shows the position of THE COTTAGE on HALL LANE.