The Cottage, Occupation Road is a 2 bedroom detached house spread over 1,539 square feet - it is ranked as the most expensive property* in NG13 9LH, with a valuation of £554,000.
Since it last sold in July 2022 for £580,000, its value has decreased by £26,000.
We expect this property to be in a reasonable condition based on its price per square foot; it is currently valued at £359 per square foot.
At a sale price of £554k, we expect this property to be in a similar condition to the neighbouring properties in the road.
As it has a similar cost per square foot to the other properties in the road, we think it is likely to be in a reasonable decorative condition.
At a valuation of £554k this property has a cost per square foot of £359 - this is comparable with the average for properties for the area (which is currently £359).
If we valued this property using the average cost per square foot (CPSF):
The most paid for a property in Occupation Road, NG13 9LH was £580,000 in 2022.
| Date | Price | Change |
|---|---|---|
| Today's value* | £554,000 | 4.5% |
| 28 Jul 2022 | £580,000 | 146.8% |
| 07 Jul 2006 | £235,000 | - |
The Cottage, Occupation Road, Elton has decreased in price by £26,000 since it last sold in 2022 - this equates to a 2.5% fall each year.
On a cost per square foot basis, this property is valued at 0% less than the other houses in this road.
This property is currently valued at £359 per square foot - the average cost per square foot for this postcode is £0.
A lower cost per square foot can indicate that the property is in a worse condition and needs more refurbishment work or that it has a smaller garden (find out more here).
If the property was previously purchased in a bad state of repair, making home improvements could increase its sale price to £731,000.
Built between 2007 and 2011, the property has sold twice over the last 29 years.
If no refurbishment work has been carried out since it was last purchased, we expect the property to sell for between £529k and £579k.
The property turned out to be a good investment for the previous owner - returning on average 5.8% per annum.
The previous owner had the property for 16 years, having purchased it in July 2006 for £235,000.
During this time, the price rose by £345,000 (146.8%), which equates to it increasing in value by 5.8% each year.
The property turned out to be a good investment for the previous owner.
The sale on 28 July 2022 was recorded as a non-residential transaction. This can be because a commercial mortgage was used, the property was repossessed or the owner extended the lease etc.
| Property | Valuation | ||
|---|---|---|---|
 |
The Cottage, Occupation Road
2 bed | 1539 sq. ft. |
£554,000 |
Most likely sale price: £554k
Our property valuation model calculates the latest property prices using data from trusted external sources in combination with available user-submitted information - this includes HM Land Registry which is the UK's official register for ownership of land and property in England and Wales.
The model takes into account what has sold, when and how prices have changed over time. It also brings in multiple datasources to cross reference accuracy with the latest sales data and cost per square foot benchmarks.
In addtion to this, we filter out bad data where we are able to identify it so we can improve accuracy.
If home improvements have been made or the property has been extended after it was last purchased, these improvements won't be taken into account if we don't know about them. For properties that have had home improvements made, you can get an updated valuation here.
A number of things can make a property more desirable and sell for more money per square foot than others in the area.
Some of the things that can cause a property to be worth more per square foot include:
We use multiple data sources to provide reliable property information to you.
Some of the data sources we use are:
* Excluding properties that we've been unable to calculate a valuation for.
** Excludes property transactions that occurred before 1995.
Whilst all reasonable effort is made to ensure the information in this website is current, The Move Market does not warrant the accuracy or completeness and accepts no liability for any loss or damage or costs.
Contains HM Land Registry data © Crown copyright and database right 2023. This data is licensed under the Open Government Licence v3.0.
The latest HM Land registry data covers property transactions up until 31/03/2024 - this was released on the 29/04/2024.
