MOLLEY COTTAGE, SPARKS LANE, RIDGEWELL, HALSTEAD, CO9 4SP - £695,000

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

MOLLEY COTTAGE is a large extended detached house of 168m², built sometime between 1950 and 1966. It was last sold for £695,000 in July 2022, which was around 31% above the average July 2022 detached price in the Braintree local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was C.

MOLLEY COTTAGE Sold Prices

Land registry data shows three sales for MOLLEY 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. Two of the three MOLLEY COTTAGE sales were for above the average price, whilst one was 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
2022 28 JUL	£695,000	£532,067	31% above HPI
2015 7 JUL	£510,000	£374,571	36% above HPI
2008 30 SEP	£230,000	£309,878	26% below HPI

MOLLEY 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 MOLLEY COTTAGE sales between September 2008 and July 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 July 2015 sale was for 36% above the HPI. So the extrapolation line tracks at 36% above the HPI over time, until the July 2022 sale, where it falls to 31% above the HPI. The line then continues to track at 31% above the HPI.

How Large is MOLLEY COTTAGE?

MOLLEY COTTAGE is 168m², which includes three extensions, according to the EPC inspection conducted in June 2014. This puts it in the largest 40% of detached houses in Ridgewell, based on EPC data. The below chart shows the distribution of detached houses by size in Ridgewell, and where MOLLEY COTTAGE lies on this distribution: 61% of detached houses are smaller than MOLLEY COTTAGE, and 39% of houses are larger. Note that EPC data is not available for all properties in Ridgewell.

MOLLEY COTTAGE: Plot and Title Map

MOLLEY COTTAGE sits on a plot of roughly 0.211 of an acre, or 855m². The below map shows the location of MOLLEY 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 MOLLEY 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 MOLLEY COTTAGE?

MOLLEY COTTAGE is located on SPARKS LANE in RIDGEWELL, in the CO9 postcode district. The below map shows the position of MOLLEY COTTAGE on SPARKS LANE.