THE COTTAGE, OLLERSETT DRIVE, NEW MILLS, HIGH PEAK, SK22 4GA - £130,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THE COTTAGE is a very small detached house of 41m², built sometime between 1996 and 2002. It was last sold for £130,000 in September 2019, which was around 61% below the average September 2019 detached price in the High Peak local authority area. The most recent EPC inspection was December 2016, where the current energy rating was D, and the potential energy rating was B.

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 High Peak local authority area for the corresponding sale date. All of the three THE COTTAGE sales were for below 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
2019 12 SEP	£130,000	£330,882	61% below HPI
2017 21 SEP	£135,000	£319,893	58% below HPI
2002 14 JUN	£78,950	£160,046	51% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the High Peak local authority area over time, sourced from the HPI. The three THE COTTAGE sales between June 2002 and September 2019 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 September 2017 sale was for 58% below the HPI. So the extrapolation line tracks at 58% below the HPI over time, until the September 2019 sale, where it falls to 61% below the HPI. The line then continues to track at 61% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 41m² according to the EPC inspection conducted in December 2016. This puts it in the smallest 10% of detached houses in New Mills, based on EPC data. The below chart shows the distribution of detached houses by size in New Mills, and where THE COTTAGE lies on this distribution: Less than 1% of detached houses are smaller than THE COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in New Mills.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.661 of an acre, or 2,675m². 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 OLLERSETT DRIVE in NEW MILLS, in the SK22 postcode district. The below map shows the position of THE COTTAGE on OLLERSETT DRIVE.