MORTIMER COTTAGE, LOCKRAM LANE, WITHAM, CM8 2BJ - £428,000

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

MORTIMER COTTAGE is a small detached house of 105m², built sometime between 1900 and 1929. It was last sold for £428,000 in February 2021, which was around 11% below the average February 2021 detached price in the Braintree local authority area. The most recent EPC inspection was April 2012, where the current energy rating was C, and the potential energy rating was B.

MORTIMER COTTAGE Sold Prices

Land registry data shows three sales for MORTIMER 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. All of the three MORTIMER 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
2021 26 FEB	£428,000	£478,397	11% below HPI
2003 7 FEB	£193,000	£244,010	21% below HPI
1997 15 AUG	£57,000	£101,578	44% below HPI

MORTIMER 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 MORTIMER COTTAGE sales between August 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 February 2003 sale was for 21% below the HPI. So the extrapolation line tracks at 21% below the HPI over time, until the February 2021 sale, where it rises to 11% below the HPI. The line then continues to track at 11% below the HPI.

How Large is MORTIMER COTTAGE?

MORTIMER COTTAGE is 105m² according to the EPC inspection conducted in April 2012. This puts it in the smallest 40% of detached houses in Witham, based on EPC data. The below chart shows the distribution of detached houses by size in Witham, and where MORTIMER COTTAGE lies on this distribution: 34% of detached houses are smaller than MORTIMER COTTAGE, and 65% of houses are larger. Note that EPC data is not available for all properties in Witham.

MORTIMER COTTAGE: Plot and Title Map

MORTIMER COTTAGE sits on a plot of roughly 0.119 of an acre, or 481m². The below map shows the location of MORTIMER 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 MORTIMER 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 MORTIMER COTTAGE?

MORTIMER COTTAGE is located on LOCKRAM LANE in WITHAM, in the CM8 postcode district. The below map shows the position of MORTIMER COTTAGE on LOCKRAM LANE.