THE COTTAGE, ORESTAN LANE, EFFINGHAM, LEATHERHEAD, KT24 5SN - £585,000

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 77m², built sometime between 1930 and 1949. It was last sold for £585,000 in July 2018, which was around 25% below the average July 2018 detached price in the Guildford local authority area. The most recent EPC inspection was September 2017, where the current energy rating was D, and the potential energy rating was B.

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 Guildford local authority area for the corresponding sale date. Both of the two 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
2018 11 JUL	£585,000	£779,567	25% below HPI
2000 15 MAY	£225,000	£305,693	26% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Guildford local authority area over time, sourced from the HPI. The two THE COTTAGE sales from May 2000 and July 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 May 2000 sale was for 26% below the HPI. So the extrapolation line tracks at 26% below the HPI over time, until the July 2018 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 77m², which includes one extension, according to the EPC inspection conducted in September 2017. This puts it in the smallest 10% of detached houses in Effingham, based on EPC data. The below chart shows the distribution of detached houses by size in Effingham, and where THE COTTAGE lies on this distribution: 4% of detached houses are smaller than THE COTTAGE, and 96% of houses are larger. Note that EPC data is not available for all properties in Effingham.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.196 of an acre, or 791m². 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 ORESTAN LANE in EFFINGHAM, in the KT24 postcode district. The below map shows the position of THE COTTAGE on ORESTAN LANE.