MILL COTTAGE, HACKNEY ROAD, PEASENHALL, SAXMUNDHAM, IP17 2HN - £475,000

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

MILL COTTAGE is a midsized extended detached house of 139m², built sometime between 2003 and 2006. It was last sold for £475,000 in May 2022, which was around 12% above the average May 2022 detached price in the East Suffolk local authority area. The most recent EPC inspection was April 2014, where the current energy rating was C, and the potential energy rating was B.

MILL COTTAGE Sold Prices

Land registry data shows two sales for MILL 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 East Suffolk local authority area for the corresponding sale date. Both of the two MILL 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 25 MAY	£475,000	£423,073	12% above HPI
2003 30 JAN	£249,000	£178,064	40% above HPI

MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two MILL COTTAGE sales from January 2003 and May 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 January 2003 sale was for 40% above the HPI. So the extrapolation line tracks at 40% above the HPI over time, until the May 2022 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

How Large is MILL COTTAGE?

MILL COTTAGE is 139m², which includes one extension, according to the EPC inspection conducted in April 2014. This puts it in the smallest 50% of detached houses in Peasenhall, based on EPC data. The below chart shows the distribution of detached houses by size in Peasenhall, and where MILL COTTAGE lies on this distribution: 43% of detached houses are smaller than MILL COTTAGE, and 54% of houses are larger. Note that EPC data is not available for all properties in Peasenhall.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.068 of an acre, or 277m². The below map shows the location of MILL 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 MILL 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 MILL COTTAGE?

MILL COTTAGE is located on HACKNEY ROAD in PEASENHALL, in the IP17 postcode district. The below map shows the position of MILL COTTAGE on HACKNEY ROAD.