MAY COTTAGE, THE STREET, HESSETT, BURY ST. EDMUNDS, IP30 9AZ - £370,000

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

MAY COTTAGE is a large extended detached house of 156m², built sometime before 1900. It was last sold for £370,000 in October 2007, which was around 36% above the average October 2007 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was September 2015, where the current energy rating was D, and the potential energy rating was B.

MAY COTTAGE Sold Prices

Land registry data shows three sales for MAY 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 Mid Suffolk local authority area for the corresponding sale date. All of the three MAY 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
2007 30 OCT	£370,000	£272,496	36% above HPI
2004 9 FEB	£322,500	£211,508	52% above HPI
2003 18 FEB	£297,500	£191,086	56% above HPI

MAY 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 three MAY COTTAGE sales between February 2003 and October 2007 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 2004 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the October 2007 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is MAY COTTAGE?

MAY COTTAGE is 156m², which includes three extensions, according to the EPC inspection conducted in September 2015. This puts it in the largest 40% of detached houses in Hessett, based on EPC data. The below chart shows the distribution of detached houses by size in Hessett, and where MAY COTTAGE lies on this distribution: 69% of detached houses are smaller than MAY COTTAGE, and 31% of houses are larger. Note that EPC data is not available for all properties in Hessett.

MAY COTTAGE: Plot and Title Map

MAY COTTAGE sits on a plot of roughly 0.465 of an acre, or 1,881m². The below map shows the location of MAY 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 MAY 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 MAY COTTAGE?

MAY COTTAGE is located on THE STREET in HESSETT, in the IP30 postcode district. The below map shows the position of MAY COTTAGE on THE STREET.