THE OAST COTTAGE, ALDON LANE, OFFHAM, WEST MALLING, ME19 5PH - £515,000

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 OAST COTTAGE is a small semi-detached house of 123m², built sometime before 1900. It was last sold for £515,000 in July 2017, which was around 11% below the average July 2017 detached price in the Tonbridge and Malling local authority area. The most recent EPC inspection was October 2013, where the current energy rating was D, and the potential energy rating was B.

THE OAST COTTAGE Sold Prices

Land registry data shows four sales for THE OAST 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 Tonbridge and Malling local authority area for the corresponding sale date. two of the four THE OAST COTTAGE sales were for below the average price, and four 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
2017 21 JUL	£515,000	£578,105	11% below HPI
2014 12 MAY	£430,000	£449,561	4% below HPI
2002 17 APR	£266,000	£248,642	7% above HPI
1999 23 SEP	£208,000	£187,113	11% above HPI

THE OAST COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Tonbridge and Malling local authority area over time, sourced from the HPI. The four THE OAST COTTAGE sales between September 1999 and July 2017 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 2014 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the July 2017 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is THE OAST COTTAGE?

THE OAST COTTAGE is 123m² according to the EPC inspection conducted in October 2013. This puts it in the smallest 30% of detached houses in Wrotham Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Wrotham Heath, and where THE OAST COTTAGE lies on this distribution: 24% of detached houses are smaller than THE OAST COTTAGE, and 76% of houses are larger. Note that EPC data is not available for all properties in Wrotham Heath.

THE OAST COTTAGE: Plot and Title Map

THE OAST COTTAGE sits on a plot of roughly 0.064 of an acre, or 259m². The below map shows the location of THE OAST 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 OAST 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 OAST COTTAGE?

THE OAST COTTAGE is located on ALDON LANE in OFFHAM, in the ME19 postcode district. The below map shows the position of THE OAST COTTAGE on ALDON LANE.