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

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MOLLEY COTTAGE is a large extended detached house of 168m², built sometime between 1950 and 1966, which could now be worth an estimated £721,249. It was last sold for £695,000 in July 2022, which was around 25% 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	£556,508	25% above HPI
2015 7 JUL	£510,000	£391,777	30% above HPI
2008 30 SEP	£230,000	£324,113	29% 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 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the July 2022 sale, where it falls to 25% above the HPI. The line then continues to track at 25% above the HPI.

What might MOLLEY COTTAGE be worth now?

MOLLEY COTTAGE might now be worth an estimated £721,249.

This is based on house price inflation of 3.8%, between July 2022 and February 2025, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.8% inflationary increase is applied to the most recent sale price for MOLLEY COTTAGE of £695,000 on 28th July 2022. For the value to have increased from £695,000 to £721,249 over the three years and five months to February 2025, the following assumptions must hold true:

• The value of MOLLEY COTTAGE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The July 2022 sale price of £695,000 represented a fair market value for the property.
• The size, condition, and specification of MOLLEY COTTAGE has not materially changed since July 2022.

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 houses in Ridgewell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Ridgewell, and where MOLLEY COTTAGE lies on this distribution: 61% of detached houses 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.