HOMELEIGH, DRURY LANE, RIDGEWELL, HALSTEAD, CO9 4SJ - £229,000

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

HOMELEIGH is a very small extended detached house of 70m², built sometime before 1900. It was last sold for £229,000 in March 2021, which was around 51% below the average March 2021 detached price in the Braintree local authority area. The most recent EPC inspection was August 2020, where the current energy rating was F, and the potential energy rating was B.

HOMELEIGH Sold Prices

Land registry data shows three sales for HOMELEIGH since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. All of the three HOMELEIGH 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
2021 19 MAR	£229,000	£471,818	51% below HPI
2012 12 OCT	£152,000	£309,486	51% below HPI
1995 13 JUL	£83,000	£92,256	10% below HPI

HOMELEIGH 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 three HOMELEIGH sales between July 1995 and March 2021 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 October 2012 sale was for 51% below the HPI. So the extrapolation line tracks at 51% below the HPI over time, until the March 2021 sale, which was also at 51% below the HPI.

How Large is HOMELEIGH?

HOMELEIGH is 70m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Ridgewell, based on EPC data. The below chart shows the distribution of detached houses by size in Ridgewell, and where HOMELEIGH lies on this distribution: 2% of detached houses are smaller than HOMELEIGH, and 98% of houses are larger. Note that EPC data is not available for all properties in Ridgewell.

HOMELEIGH: Plot and Title Map

HOMELEIGH sits on a plot of roughly 0.009 of an acre, or 36m². The below map shows the location of HOMELEIGH, 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). 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?

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