HOLLY COTTAGE, MILL STREET, GISLINGHAM, EYE, IP23 8JT - £325,000

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

HOLLY COTTAGE is a very small extended detached house of 66m², built sometime before 1900. It was last sold for £325,000 in December 2022, which was around 27% below the average December 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was June 2022, where the current energy rating was E, and the potential energy rating was B.

HOLLY COTTAGE Sold Prices

Land registry data shows four sales for HOLLY 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 Mid Suffolk local authority area for the corresponding sale date. All of the four HOLLY 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
2022 19 DEC	£325,000	£446,856	27% below HPI
2005 21 SEP	£172,000	£237,666	28% below HPI
2000 26 MAY	£96,000	£126,872	24% below HPI
1998 8 MAY	£69,500	£93,146	25% below HPI

HOLLY COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Mid Suffolk local authority area over time, sourced from the HPI. The four HOLLY COTTAGE sales between May 1998 and December 2022 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 September 2005 sale was for 28% below the HPI. So the extrapolation line tracks at 28% below the HPI over time, until the December 2022 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is HOLLY COTTAGE?

HOLLY COTTAGE is 66m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 10% of detached houses in Gislingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gislingham, and where HOLLY COTTAGE lies on this distribution: 4% of detached houses are smaller than HOLLY COTTAGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Gislingham.

HOLLY COTTAGE: Plot and Title Map

HOLLY COTTAGE sits on a plot of roughly 0.062 of an acre, or 253m². The below map shows the location of HOLLY 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 HOLLY 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 HOLLY COTTAGE?

HOLLY COTTAGE is located on MILL STREET in GISLINGHAM, in the IP23 postcode district. The below map shows the position of HOLLY COTTAGE on MILL STREET.