THE COTTAGE, LERRYN, LOSTWITHIEL, PL22 0QB - £755,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE COTTAGE is a very large extended detached house of 203m², built sometime before 1900, which could now be worth an estimated £874,773. It was last sold for £755,000 in November 2020, which was around 100% above the average November 2020 detached price in the Cornwall local authority area. The most recent EPC inspection was July 2020, where the current energy rating was F, and the potential energy rating was D.

THE COTTAGE Sold Prices

Land registry data shows four sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Cornwall local authority area for the corresponding sale date. All of the four 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
2020 27 NOV	£755,000	£377,366	100% above HPI
2005 20 JUN	£415,000	£262,718	58% above HPI
2004 6 FEB	£354,000	£232,042	53% above HPI
1999 17 DEC	£156,000	£104,954	49% above HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Cornwall local authority area over time, sourced from the HPI. The four THE COTTAGE sales between December 1999 and November 2020 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 2005 sale was for 58% above the HPI. So the extrapolation line tracks at 58% above the HPI over time, until the November 2020 sale, where it rises to 100% above the HPI. The line then continues to track at 100% above the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £874,773.

This is based on house price inflation of 15.9%, between November 2020 and February 2025, for detached houses, in the Cornwall local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.9% inflationary increase is applied to the most recent sale price for THE COTTAGE of £755,000 on 27th November 2020. For the value to have increased from £755,000 to £874,773 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the Cornwall local authority area.
• The November 2020 sale price of £755,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since November 2020.

How Large is THE COTTAGE?

THE COTTAGE is 203m², which includes two extensions, according to the EPC inspection conducted in July 2020. This puts it in the largest 20% of detached houses houses in Lerryn, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lerryn, and where THE COTTAGE lies on this distribution: 88% of detached houses houses are smaller than THE COTTAGE, and 13% of houses are larger. Note that EPC data is not available for all properties in Lerryn.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.062 of an acre, or 250m². 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 in LERRYN, in the PL22 postcode district. The below map shows the position of THE COTTAGE in LERRYN.