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

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

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 22% 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	£510,775	22% above HPI
2010 26 NOV	£500,000	£377,406	32% 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 32% above the HPI. So the extrapolation line tracks at 32% above the HPI over time, until the February 2016 sale, where it falls to 22% above the HPI. The line then continues to track at 22% above the HPI.

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 in Great Leighs, based on EPC data. The below chart shows the distribution of detached houses by size in Great Leighs, and where CORNER COTTAGE lies on this distribution: 24% of detached 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 0.914 of an acre, or 3,699m². 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.