HOMELEIGH COTTAGE, DRURY LANE, RIDGEWELL, HALSTEAD, CO9 4SJ - £340,000

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.

HOMELEIGH COTTAGE is a very small extended semi-detached house of 87m², built sometime between 1930 and 1949, which could now be worth an estimated £355,012. It was last sold for £340,000 in August 2024, which was around 6% above the average August 2024 semi-detached price in the Braintree local authority area. The most recent EPC inspection was February 2024, where the current energy rating was E, and the potential energy rating was C.

HOMELEIGH COTTAGE Sold Prices

Land registry data shows four sales for HOMELEIGH COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average semi-detached price in the Braintree local authority area for the corresponding sale date. Most of the four HOMELEIGH 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
2024 30 AUG	£340,000	£322,262	6% above HPI
2016 21 DEC	£235,000	£268,242	12% below HPI
2004 30 JAN	£175,000	£154,906	13% above HPI
1999 2 JUN	£79,500	£70,704	12% above HPI

HOMELEIGH COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Braintree local authority area over time, sourced from the HPI. The four HOMELEIGH COTTAGE sales between June 1999 and August 2024 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 December 2016 sale was for 12% below the HPI. So the extrapolation line tracks at 12% below the HPI over time, until the August 2024 sale, where it rises to 6% above the HPI. The line then continues to track at 6% above the HPI.

What might HOMELEIGH COTTAGE be worth now?

HOMELEIGH COTTAGE might now be worth an estimated £355,012.

This is based on house price inflation of 4.4%, between August 2024 and February 2025, for semi-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 4.4% inflationary increase is applied to the most recent sale price for HOMELEIGH COTTAGE of £340,000 on 30th August 2024. For the value to have increased from £340,000 to £355,012 over the one year and six months to February 2025, the following assumptions must hold true:

• The value of HOMELEIGH COTTAGE has moved in line with the HPI for semi-detached houses in the Braintree local authority area.
• The August 2024 sale price of £340,000 represented a fair market value for the property.
• The size, condition, and specification of HOMELEIGH COTTAGE has not materially changed since August 2024.

How Large is HOMELEIGH COTTAGE?

HOMELEIGH COTTAGE is 87m², which includes one extension, according to the EPC inspection conducted in February 2024. This puts it in the smallest 10% of semi-detached houses houses in Ridgewell, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Ridgewell, and where HOMELEIGH COTTAGE lies on this distribution: 5% of semi-detached houses houses are smaller than HOMELEIGH COTTAGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Ridgewell.

HOMELEIGH COTTAGE: Plot and Title Map

HOMELEIGH COTTAGE sits on a plot of roughly 0.049 of an acre, or 198m². The below map shows the location of HOMELEIGH 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 HOMELEIGH 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 HOMELEIGH COTTAGE?

HOMELEIGH COTTAGE is located on DRURY LANE in RIDGEWELL, in the CO9 postcode district. The below map shows the position of HOMELEIGH COTTAGE on DRURY LANE.