CHERRY TREE COTTAGE, BOYSCOTT LANE, BUNGAY, NR35 1DG - £220,000

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

CHERRY TREE COTTAGE is a very small detached house of 52m², built sometime between 1983 and 1990. It was last sold for £220,000 in June 2014, which was around 20% below the average June 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2011, where the current energy rating was D, and the potential energy rating was D.

CHERRY TREE COTTAGE Sold Prices

Land registry data shows two sales for CHERRY TREE 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 East Suffolk local authority area for the corresponding sale date. Both of the two CHERRY TREE 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
2014 27 JUN	£220,000	£273,758	20% below HPI
2011 22 NOV	£175,000	£252,566	31% below HPI

CHERRY TREE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two CHERRY TREE COTTAGE sales from November 2011 and June 2014 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 November 2011 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2014 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is 52m² according to the EPC inspection conducted in March 2011. This puts it in the smallest 10% of detached houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses by size in Bungay, and where CHERRY TREE COTTAGE lies on this distribution: 1% of detached houses are smaller than CHERRY TREE COTTAGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Bungay.

CHERRY TREE COTTAGE: Plot and Title Map

CHERRY TREE COTTAGE sits on a plot of roughly 0.056 of an acre, or 226m². The below map shows the location of CHERRY TREE 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 CHERRY TREE 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 CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is located on BOYSCOTT LANE in BUNGAY, in the NR35 postcode district. The below map shows the position of CHERRY TREE COTTAGE on BOYSCOTT LANE.