HOPE COTTAGE, ELMSWELL ROAD, WETHERDEN, STOWMARKET, IP14 3LN - £270,000

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

HOPE COTTAGE is a very small extended detached house of 77m², built sometime before 1900, which could now be worth an estimated £276,204. It was last sold for £270,000 in November 2023, which was around 37% below the average November 2023 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2022, where the current energy rating was E, and the potential energy rating was C.

HOPE COTTAGE Sold Prices

Land registry data shows five sales for HOPE COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the five HOPE 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
2023 23 NOV	£270,000	£431,261	37% below HPI
2012 29 FEB	£190,000	£261,120	27% below HPI
2011 7 JUN	£145,000	£251,497	42% below HPI
2004 26 JAN	£150,000	£215,430	30% below HPI
1995 28 APR	£75,000	£79,374	6% below HPI

HOPE 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 five HOPE COTTAGE sales between April 1995 and November 2023 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 February 2012 sale was for 27% below the HPI. So the extrapolation line tracks at 27% below the HPI over time, until the November 2023 sale, where it falls to 37% below the HPI. The line then continues to track at 37% below the HPI.

What might HOPE COTTAGE be worth now?

HOPE COTTAGE might now be worth an estimated £276,204.

This is based on house price inflation of 2.3%, between November 2023 and December 2024, for detached houses, in the Mid Suffolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 2.3% inflationary increase is applied to the most recent sale price for HOPE COTTAGE of £270,000 on 23rd November 2023. For the value to have increased from £270,000 to £276,204 over the eleven months to December 2024, the following assumptions must hold true:

• The value of HOPE COTTAGE has moved in line with the HPI for detached houses in the Mid Suffolk local authority area.
• The November 2023 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of HOPE COTTAGE has not materially changed since November 2023.

How Large is HOPE COTTAGE?

HOPE COTTAGE is 77m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the smallest 10% of detached houses houses in Wetherden, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wetherden, and where HOPE COTTAGE lies on this distribution: 9% of detached houses houses are smaller than HOPE COTTAGE, and 91% of houses are larger. Note that EPC data is not available for all properties in Wetherden.

HOPE COTTAGE: Plot and Title Map

HOPE COTTAGE sits on a plot of roughly 0.057 of an acre, or 229m². The below map shows the location of HOPE 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 HOPE 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 HOPE COTTAGE?

HOPE COTTAGE is located on ELMSWELL ROAD in WETHERDEN, in the IP14 postcode district. The below map shows the position of HOPE COTTAGE on ELMSWELL ROAD.