LOCK COTTAGE, BEAR STREET, NAYLAND, COLCHESTER, CO6 4HX - £580,000

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

LOCK COTTAGE is a midsized extended detached house of 149m², built sometime before 1900. It was last sold for £580,000 in August 2022, which was around 18% above the average August 2022 detached price in the Babergh local authority area. The most recent EPC inspection was December 2019, where the current energy rating was F, and the potential energy rating was C.

LOCK COTTAGE Sold Prices

Land registry data shows two sales for LOCK COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Babergh local authority area for the corresponding sale date. Both of the two LOCK 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
2022 31 AUG	£580,000	£489,880	18% above HPI
2007 16 JUL	£500,000	£289,102	73% above HPI

LOCK COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The two LOCK COTTAGE sales from July 2007 and August 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 July 2007 sale was for 73% above the HPI. So the extrapolation line tracks at 73% above the HPI over time, until the August 2022 sale, where it falls to 18% above the HPI. The line then continues to track at 18% above the HPI.

How Large is LOCK COTTAGE?

LOCK COTTAGE is 149m², which includes four extensions, according to the EPC inspection conducted in December 2019. This puts it in the largest 50% of detached houses in Nayland, based on EPC data. The below chart shows the distribution of detached houses by size in Nayland, and where LOCK COTTAGE lies on this distribution: 52% of detached houses are smaller than LOCK COTTAGE, and 46% of houses are larger. Note that EPC data is not available for all properties in Nayland.

LOCK COTTAGE: Plot and Title Map

LOCK COTTAGE sits on a plot of roughly 0.076 of an acre, or 308m². The below map shows the location of LOCK 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 LOCK 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 LOCK COTTAGE?

LOCK COTTAGE is located on BEAR STREET in NAYLAND, in the CO6 postcode district. The below map shows the position of LOCK COTTAGE on BEAR STREET.