MADURA COTTAGE, MILL ROAD, RIDGEWELL, HALSTEAD, CO9 4SG - £485,000

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

MADURA COTTAGE is a large extended detached house of 185m², built sometime before 1900. It was last sold for £485,000 in December 2016, which was around 10% above the average December 2016 detached price in the Braintree local authority area. The most recent EPC inspection was January 2009, where the current energy rating was F, and the potential energy rating was E.

MADURA COTTAGE Sold Prices

Land registry data shows three sales for MADURA COTTAGE 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 MADURA 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
2016 21 DEC	£485,000	£441,530	10% above HPI
2009 3 NOV	£345,000	£288,276	20% above HPI
1996 27 SEP	£145,000	£95,598	52% above HPI

MADURA COTTAGE 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 MADURA COTTAGE sales between September 1996 and December 2016 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 November 2009 sale was for 20% above the HPI. So the extrapolation line tracks at 20% above the HPI over time, until the December 2016 sale, where it falls to 10% above the HPI. The line then continues to track at 10% above the HPI.

How Large is MADURA COTTAGE?

MADURA COTTAGE is 185m², which includes two extensions, according to the EPC inspection conducted in January 2009. This puts it in the largest 30% of detached houses in Ridgewell, based on EPC data. The below chart shows the distribution of detached houses by size in Ridgewell, and where MADURA COTTAGE lies on this distribution: 74% of detached houses are smaller than MADURA COTTAGE, and 26% of houses are larger. Note that EPC data is not available for all properties in Ridgewell.

MADURA COTTAGE: Plot and Title Map

MADURA COTTAGE sits on a plot of roughly 0.307 of an acre, or 1,241m². The below map shows the location of MADURA 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 MADURA 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 MADURA COTTAGE?

MADURA COTTAGE is located on MILL ROAD in RIDGEWELL, in the CO9 postcode district. The below map shows the position of MADURA COTTAGE on MILL ROAD.