ELM COTTAGE, HIGH STREET, WETHERSFIELD, BRAINTREE, CM7 4BY - £447,500

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

ELM COTTAGE is a large extended detached house of 148m², built sometime before 1900, which could now be worth an estimated £579,438. It was last sold for £447,500 in July 2016, which was about the average July 2016 detached price in the Braintree local authority area. The most recent EPC inspection was August 2015, where the current energy rating was F, and the potential energy rating was E.

ELM COTTAGE Sold Prices

Land registry data shows four sales for ELM 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 Braintree local authority area for the corresponding sale date. The four ELM COTTAGE sales were a mix of roughly equal to the average price, above the average price, and 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
2016 26 JUL	£447,500	£446,741	Close to HPI
2010 29 NOV	£385,000	£322,819	19% above HPI
2006 28 APR	£375,000	£296,853	26% above HPI
1999 18 OCT	£125,000	£135,842	8% below HPI

ELM COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The four ELM COTTAGE sales between October 1999 and July 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 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the July 2016 sale, where it falls to roughly the same level as the HPI. The line then continues to track in line with the HPI.

What might ELM COTTAGE be worth now?

ELM COTTAGE might now be worth an estimated £579,438.

This is based on house price inflation of 29.5%, between July 2016 and December 2024, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 29.5% inflationary increase is applied to the most recent sale price for ELM COTTAGE of £447,500 on 26th July 2016. For the value to have increased from £447,500 to £579,438 over the seven years and seven months to December 2024, the following assumptions must hold true:

• The value of ELM COTTAGE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The July 2016 sale price of £447,500 represented a fair market value for the property.
• The size, condition, and specification of ELM COTTAGE has not materially changed since July 2016.

How Large is ELM COTTAGE?

ELM COTTAGE is 148m², which includes three extensions, according to the EPC inspection conducted in August 2015. This puts it in the largest 30% of detached houses houses in Wethersfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wethersfield, and where ELM COTTAGE lies on this distribution: 79% of detached houses houses are smaller than ELM COTTAGE, and 21% of houses are larger. Note that EPC data is not available for all properties in Wethersfield.

ELM COTTAGE: Plot and Title Map

ELM COTTAGE sits on a plot of roughly 0.107 of an acre, or 434m². The below map shows the location of ELM 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 ELM 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 ELM COTTAGE?

ELM COTTAGE is located on HIGH STREET in WETHERSFIELD, in the CM7 postcode district. The below map shows the position of ELM COTTAGE on HIGH STREET.