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

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

ELM COTTAGE is a large extended detached house of 148m², built sometime before 1900. It was last sold for £447,500 in July 2016, which was around 5% above 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. Most of the four ELM 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 26 JUL	£447,500	£427,121	5% above HPI
2010 29 NOV	£385,000	£308,642	25% above HPI
2006 28 APR	£375,000	£283,816	32% above HPI
1999 18 OCT	£125,000	£129,876	4% 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 25% above the HPI. So the extrapolation line tracks at 25% above the HPI over time, until the July 2016 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

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 in Wethersfield, based on EPC data. The below chart shows the distribution of detached houses by size in Wethersfield, and where ELM COTTAGE lies on this distribution: 79% of detached 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.