THE HOPE COTTAGE, BASKETTS LANE, YARMOUTH, PO41 0PY - £375,000

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 HOPE COTTAGE is a small extended detached house of 106m², built sometime between 1900 and 1929. It was last sold for £375,000 in July 2020, which was around 12% above the average July 2020 detached price in the Isle of Wight local authority area. The most recent EPC inspection was April 2019, where the current energy rating was E, and the potential energy rating was C.

THE HOPE COTTAGE Sold Prices

Land registry data shows three sales for THE HOPE 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 Isle of Wight local authority area for the corresponding sale date. All of the three THE HOPE 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 28 JUL	£375,000	£336,017	12% above HPI
2003 1 SEP	£310,000	£198,537	56% above HPI
2000 27 OCT	£140,000	£127,735	10% above HPI

THE HOPE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Isle of Wight local authority area over time, sourced from the HPI. The three THE HOPE COTTAGE sales between October 2000 and July 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 September 2003 sale was for 56% above the HPI. So the extrapolation line tracks at 56% above the HPI over time, until the July 2020 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is THE HOPE COTTAGE?

THE HOPE COTTAGE is 106m², which includes one extension, according to the EPC inspection conducted in April 2019. This puts it in the smallest 40% of detached houses in Yarmouth, based on EPC data. The below chart shows the distribution of detached houses by size in Yarmouth, and where THE HOPE COTTAGE lies on this distribution: 30% of detached houses are smaller than THE HOPE COTTAGE, and 70% of houses are larger. Note that EPC data is not available for all properties in Yarmouth.

THE HOPE COTTAGE: Plot and Title Map

THE HOPE COTTAGE sits on a plot of roughly 0.076 of an acre, or 307m². The below map shows the location of THE HOPE 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 HOPE 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 HOPE COTTAGE?

THE HOPE COTTAGE is located on BASKETTS LANE in YARMOUTH, in the PO41 postcode district. The below map shows the position of THE HOPE COTTAGE on BASKETTS LANE.