THE COTTAGE, SCHOOL LANE, CHELLASTON, DERBY, DE73 6TF - £637,000

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 large extended detached house of 265m², built sometime between 1900 and 1929. It was last sold for £637,000 in March 2021, which was around 140% above the average March 2021 detached price in the City of Derby local authority area. The most recent EPC inspection was June 2019, where the current energy rating was D, and the potential energy rating was C.

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 City of Derby 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
2021 26 MAR	£637,000	£264,962	140% above HPI
2008 10 JUL	£480,000	£201,566	138% above HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the City of Derby local authority area over time, sourced from the HPI. The two THE COTTAGE sales from July 2008 and March 2021 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 2008 sale was for 138% above the HPI. So the extrapolation line tracks at 138% above the HPI over time, until the March 2021 sale, where it rises to 140% above the HPI. The line then continues to track at 140% above the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 265m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the largest 10% of detached houses in Derby, based on EPC data. The below chart shows the distribution of detached houses by size in Derby, and where THE COTTAGE lies on this distribution: 99% of detached houses are smaller than THE COTTAGE, and 1% of houses are larger. Note that EPC data is not available for all properties in Derby.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.469 of an acre, or 1,899m². 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 SCHOOL LANE in CHELLASTON, in the DE73 postcode district. The below map shows the position of THE COTTAGE on SCHOOL LANE.