THE OLD MILL COTTAGE, NEW ROAD, LLANFAIR CAEREINION, WELSHPOOL, SY21 0SB - £170,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

THE OLD MILL COTTAGE is a very small extended detached house of 75m², built sometime before 1900, which could now be worth an estimated £168,089. It was last sold for £170,000 in March 2024, which was around 48% below the average March 2024 detached price in the Powys local authority area. The most recent EPC inspection was October 2023, where the current energy rating was E, and the potential energy rating was A.

THE OLD MILL COTTAGE Sold Prices

Land registry data shows two sales for THE OLD MILL 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 Powys local authority area for the corresponding sale date. Both of the two THE OLD MILL 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
2024 26 MAR	£170,000	£327,391	48% below HPI
2023 25 MAY	£85,000	£310,544	73% below HPI

THE OLD MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Powys local authority area over time, sourced from the HPI. The two THE OLD MILL COTTAGE sales from May 2023 and March 2024 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 2023 sale was for 73% below the HPI. So the extrapolation line tracks at 73% below the HPI over time, until the March 2024 sale, where it rises to 48% below the HPI. The line then continues to track at 48% below the HPI.

What might THE OLD MILL COTTAGE be worth now?

THE OLD MILL COTTAGE might now be worth an estimated £168,089.

This is based on house price deflation of 1.1%, between March 2024 and February 2025, for detached houses, in the Powys local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.1% deflationary decrease is applied to the most recent sale price for THE OLD MILL COTTAGE of £170,000 on 26th March 2024. For the value to have decreased from £170,000 to £168,089 over the one year and one month to February 2025, the following assumptions must hold true:

• The value of THE OLD MILL COTTAGE has moved in line with the HPI for detached houses in the Powys local authority area.
• The March 2024 sale price of £170,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD MILL COTTAGE has not materially changed since March 2024.

How Large is THE OLD MILL COTTAGE?

THE OLD MILL COTTAGE is 75m², which includes one extension, according to the EPC inspection conducted in October 2023. This puts it in the smallest 10% of detached houses houses in Llanfair Caereinion, based on EPC data. The below chart shows the distribution of detached houses houses by size in Llanfair Caereinion, and where THE OLD MILL COTTAGE lies on this distribution: 7% of detached houses houses are smaller than THE OLD MILL COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Llanfair Caereinion.

THE OLD MILL COTTAGE: Plot and Title Map

THE OLD MILL COTTAGE sits on a plot of roughly 0.554 of an acre, or 2,243m². The below map shows the location of THE OLD MILL 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 OLD MILL 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 OLD MILL COTTAGE?

THE OLD MILL COTTAGE is located on NEW ROAD in LLANFAIR CAEREINION, in the SY21 postcode district. The below map shows the position of THE OLD MILL COTTAGE on NEW ROAD.