BRIDGE COTTAGE, HEATH ROAD, HESSETT, BURY ST EDMUNDS, IP30 9BJ - £270,000

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

BRIDGE COTTAGE is a small extended semi-detached house of 107m², built sometime before 1900. It was last sold for £270,000 in September 2019, which was around 28% below the average September 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was June 2019, where the current energy rating was E, and the potential energy rating was D.

BRIDGE COTTAGE Sold Prices

Land registry data shows four sales for BRIDGE 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 Mid Suffolk local authority area for the corresponding sale date. All of the four BRIDGE 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
2019 26 SEP	£270,000	£376,807	28% below HPI
2015 2 APR	£180,799	£303,834	40% below HPI
2007 28 SEP	£239,999	£272,042	12% below HPI
2003 6 OCT	£184,000	£210,805	13% below HPI

BRIDGE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The four BRIDGE COTTAGE sales between October 2003 and September 2019 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 April 2015 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the September 2019 sale, where it rises to 28% below the HPI. The line then continues to track at 28% below the HPI.

How Large is BRIDGE COTTAGE?

BRIDGE COTTAGE is 107m², which includes two extensions, according to the EPC inspection conducted in June 2019. This puts it in the smallest 30% of detached houses in Hessett, based on EPC data. The below chart shows the distribution of detached houses by size in Hessett, and where BRIDGE COTTAGE lies on this distribution: 24% of detached houses are smaller than BRIDGE COTTAGE, and 76% of houses are larger. Note that EPC data is not available for all properties in Hessett.

BRIDGE COTTAGE: Plot and Title Map

BRIDGE COTTAGE sits on a plot of roughly 0.090 of an acre, or 364m². The below map shows the location of BRIDGE 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 BRIDGE 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 BRIDGE COTTAGE?

BRIDGE COTTAGE is located on HEATH ROAD in HESSETT, in the IP30 postcode district. The below map shows the position of BRIDGE COTTAGE on HEATH ROAD.