MODEL COTTAGE, THE STREET, WOOLPIT, BURY ST EDMUNDS, IP30 9QN - £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

MODEL COTTAGE is a very small extended detached house of 82m², built sometime between 1900 and 1929. It was last sold for £370,000 in February 2021, which was around 6% below the average February 2021 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was July 2020, where the current energy rating was D, and the potential energy rating was B.

MODEL COTTAGE Sold Prices

Land registry data shows three sales for MODEL 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. The three MODEL COTTAGE sales were a mix of below the average price, roughly equal to the average price, and 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
2021 10 FEB	£370,000	£391,984	6% below HPI
2013 26 JUN	£250,000	£251,024	Close to HPI
1997 16 MAY	£89,950	£83,085	8% above HPI

MODEL 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 MODEL COTTAGE sales between May 1997 and February 2021 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 June 2013 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the February 2021 sale, where it falls to 6% below the HPI. The line then continues to track at 6% below the HPI.

How Large is MODEL COTTAGE?

MODEL COTTAGE is 82m², which includes one extension, according to the EPC inspection conducted in July 2020. This puts it in the smallest 20% of detached houses in Woolpit, based on EPC data. The below chart shows the distribution of detached houses by size in Woolpit, and where MODEL COTTAGE lies on this distribution: 13% of detached houses are smaller than MODEL COTTAGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Woolpit.

MODEL COTTAGE: Plot and Title Map

MODEL COTTAGE sits on a plot of roughly 0.067 of an acre, or 271m². The below map shows the location of MODEL 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 MODEL 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 MODEL COTTAGE?

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