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

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

VELETA COTTAGE is a very small extended detached house of 114m², built sometime before 1900. It was last sold for £450,000 in June 2022, which was around 31% 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	£343,017	31% above HPI
2016 20 OCT	£300,000	£252,503	19% above HPI
2002 30 AUG	£175,000	£140,479	25% 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 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the June 2022 sale, where it rises to 31% above the HPI. The line then continues to track at 31% above the HPI.

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 in Coleorton, based on EPC data. The below chart shows the distribution of detached houses by size in Coleorton, and where VELETA COTTAGE lies on this distribution: 18% of detached 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.