CORNER COTTAGE, THE STREET, HITCHAM, IPSWICH, IP7 7NQ - £358,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

CORNER COTTAGE is a small extended detached house of 109m², built sometime before 1900, which could now be worth an estimated £399,550. It was last sold for £358,000 in November 2020, which was around 18% below the average November 2020 detached price in the Babergh local authority area. The most recent EPC inspection was June 2019, where the current energy rating was F, and the potential energy rating was C.

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 Babergh local authority area for the corresponding sale date. Both of the two CORNER 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
2020 6 NOV	£358,000	£438,609	18% below HPI
2015 7 JUL	£202,000	£345,630	42% below HPI

CORNER COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The two CORNER COTTAGE sales from July 2015 and November 2020 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 July 2015 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the November 2020 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

What might CORNER COTTAGE be worth now?

CORNER COTTAGE might now be worth an estimated £399,550.

This is based on house price inflation of 11.6%, between November 2020 and February 2025, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 11.6% inflationary increase is applied to the most recent sale price for CORNER COTTAGE of £358,000 on 6th November 2020. For the value to have increased from £358,000 to £399,550 over the five years and nine months to February 2025, the following assumptions must hold true:

• The value of CORNER COTTAGE has moved in line with the HPI for detached houses in the Babergh local authority area.
• The November 2020 sale price of £358,000 represented a fair market value for the property.
• The size, condition, and specification of CORNER COTTAGE has not materially changed since November 2020.

How Large is CORNER COTTAGE?

CORNER COTTAGE is 109m², which includes four extensions, according to the EPC inspection conducted in June 2019. This puts it in the smallest 40% of detached houses houses in Hitcham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hitcham, and where CORNER COTTAGE lies on this distribution: 33% of detached houses houses are smaller than CORNER COTTAGE, and 67% of houses are larger. Note that EPC data is not available for all properties in Hitcham.

CORNER COTTAGE: Plot and Title Map

CORNER COTTAGE sits on a plot of roughly 0.103 of an acre, or 415m². 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 THE STREET in HITCHAM, in the IP7 postcode district. The below map shows the position of CORNER COTTAGE on THE STREET.