VELETA COTTAGE, ANCHOR LANE, COLEORTON, COALVILLE, LE67 8HA - £450,000

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.

VELETA COTTAGE is a very small extended detached house of 114m², built sometime before 1900, which could now be worth an estimated £491,625. It was last sold for £450,000 in June 2022, which was around 24% above the average June 2022 detached price in the North West Leicestershire local authority area. The most recent EPC inspection was May 2018, where the current energy rating was D, and the potential energy rating was A.

VELETA COTTAGE Sold Prices

Land registry data shows three sales for VELETA 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 North West Leicestershire local authority area for the corresponding sale date. All of the three VELETA 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
2022 29 JUN	£450,000	£363,748	24% above HPI
2016 20 OCT	£300,000	£267,764	12% above HPI
2002 30 AUG	£175,000	£148,969	17% above HPI

VELETA COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North West Leicestershire local authority area over time, sourced from the HPI. The three VELETA COTTAGE sales between August 2002 and June 2022 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 October 2016 sale was for 12% above the HPI. So the extrapolation line tracks at 12% above the HPI over time, until the June 2022 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

What might VELETA COTTAGE be worth now?

VELETA COTTAGE might now be worth an estimated £491,625.

This is based on house price inflation of 9.3%, between June 2022 and February 2025, for detached houses, in the North West Leicestershire local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 9.3% inflationary increase is applied to the most recent sale price for VELETA COTTAGE of £450,000 on 29th June 2022. For the value to have increased from £450,000 to £491,625 over the three years and four months to February 2025, the following assumptions must hold true:

• The value of VELETA COTTAGE has moved in line with the HPI for detached houses in the North West Leicestershire local authority area.
• The June 2022 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of VELETA COTTAGE has not materially changed since June 2022.

How Large is VELETA COTTAGE?

VELETA COTTAGE is 114m², which includes two extensions, according to the EPC inspection conducted in May 2018. This puts it in the smallest 20% of detached houses houses in Coleorton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Coleorton, and where VELETA COTTAGE lies on this distribution: 18% of detached houses houses are smaller than VELETA COTTAGE, and 82% of houses are larger. Note that EPC data is not available for all properties in Coleorton.

VELETA COTTAGE: Plot and Title Map

VELETA COTTAGE sits on a plot of roughly 0.140 of an acre, or 568m². The below map shows the location of VELETA 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 VELETA 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 VELETA COTTAGE?

VELETA COTTAGE is located on ANCHOR LANE in COLEORTON, in the LE67 postcode district. The below map shows the position of VELETA COTTAGE on ANCHOR LANE.