CORNER COTTAGE, BANTERS LANE, GREAT LEIGHS, CHELMSFORD, CM3 1NT - £625,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

CORNER COTTAGE is a small extended detached house of 96m², built sometime before 1900. It was last sold for £625,000 in February 2016, which was around 21% above the average February 2016 detached price in the Chelmsford local authority area. The most recent EPC inspection was February 2010, where the current energy rating was G, and the potential energy rating was G.

CORNER COTTAGE Sold Prices

Land registry data shows two sales for CORNER 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 Chelmsford local authority area for the corresponding sale date. Both of the two CORNER 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
2016 3 FEB	£625,000	£516,221	21% above HPI
2010 26 NOV	£500,000	£381,430	31% above HPI

CORNER COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Chelmsford local authority area over time, sourced from the HPI. The two CORNER COTTAGE sales from November 2010 and February 2016 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 2010 sale was for 31% above the HPI. So the extrapolation line tracks at 31% above the HPI over time, until the February 2016 sale, where it falls to 21% above the HPI. The line then continues to track at 21% above the HPI.

What might CORNER COTTAGE be worth now?

CORNER COTTAGE might now be worth an estimated £808,463.

This is based on house price inflation of 29.4%, between February 2016 and December 2024, for detached houses, in the Chelmsford local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.4% inflationary increase is applied to the most recent sale price for CORNER COTTAGE of £625,000 on 3rd February 2016. For the value to have increased from £625,000 to £808,463 over the seven years and two months to December 2024, the following assumptions must hold true:

• The value of CORNER COTTAGE has moved in line with the HPI for detached houses in the Chelmsford local authority area.
• The February 2016 sale price of £625,000 represented a fair market value for the property.
• The size, condition, and specification of CORNER COTTAGE has not materially changed since February 2016.

How Large is CORNER COTTAGE?

CORNER COTTAGE is 96m², which includes one extension, according to the EPC inspection conducted in February 2010. This puts it in the smallest 30% of detached houses houses in Great Leighs, based on EPC data. The below chart shows the distribution of detached houses houses by size in Great Leighs, and where CORNER COTTAGE lies on this distribution: 24% of detached houses houses are smaller than CORNER COTTAGE, and 76% of houses are larger. Note that EPC data is not available for all properties in Great Leighs.

CORNER COTTAGE: Plot and Title Map

CORNER COTTAGE sits on a plot of roughly 0.911 of an acre, or 3,686m². The below map shows the location of CORNER 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 CORNER 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 CORNER COTTAGE?

CORNER COTTAGE is located on BANTERS LANE in GREAT LEIGHS, in the CM3 postcode district. The below map shows the position of CORNER COTTAGE on BANTERS LANE.