MILL COTTAGE, OLD MILL CHASE, WETHERSFIELD, BRAINTREE, CM7 4EB - £210,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

MILL COTTAGE is a small extended detached house of 74m², built sometime before 1900. It was last sold for £210,000 in October 2007, which was around 35% below the average October 2007 detached price in the Braintree local authority area. The most recent EPC inspection was April 2022, where the current energy rating was F, and the potential energy rating was E.

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 Braintree local authority area for the corresponding sale date. Both of the two MILL 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
2007 11 OCT	£210,000	£323,322	35% below HPI
2001 28 AUG	£124,000	£174,737	29% below HPI

MILL 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 two MILL COTTAGE sales from August 2001 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 August 2001 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the October 2007 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is MILL COTTAGE?

MILL COTTAGE is 74m², which includes two extensions, according to the EPC inspection conducted in April 2022. This puts it in the smallest 30% of detached houses in Wethersfield, based on EPC data. The below chart shows the distribution of detached houses by size in Wethersfield, and where MILL COTTAGE lies on this distribution: 24% of detached houses are smaller than MILL COTTAGE, and 74% of houses are larger. Note that EPC data is not available for all properties in Wethersfield.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.023 of an acre, or 95m². 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 OLD MILL CHASE in WETHERSFIELD, in the CM7 postcode district. The below map shows the position of MILL COTTAGE on OLD MILL CHASE.