OAK COTTAGE, ELMSWELL ROAD, WETHERDEN, STOWMARKET, IP14 3LN - £340,000

OAK COTTAGE is a midsized extended detached house of 137m², built sometime before 1900. It was last sold for £340,000 in December 2019, which was around 8% below the average December 2019 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2019, where the current energy rating was E, and the potential energy rating was C.

OAK COTTAGE Sold Prices

Land registry data shows three sales for OAK 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. Two of the three OAK COTTAGE sales were for below the average price, whilst one was for 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
2019 10 DEC	£340,000	£370,311	8% below HPI
2001 20 JUL	£135,000	£136,528	1% below HPI
1997 1 JUL	£90,000	£87,688	3% above HPI

OAK 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 OAK COTTAGE sales between July 1997 and December 2019 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 2001 sale was for 1% below the HPI. So the extrapolation line tracks at 1% below the HPI over time, until the December 2019 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is OAK COTTAGE?

OAK COTTAGE is 137m², which includes one extension, according to the EPC inspection conducted in August 2019. This puts it in the largest 50% of detached houses in Wetherden, based on EPC data. The below chart shows the distribution of detached houses by size in Wetherden, and where OAK COTTAGE lies on this distribution: 52% of detached houses are smaller than OAK COTTAGE, and 46% of houses are larger. Note that EPC data is not available for all properties in Wetherden.

OAK COTTAGE: Plot and Title Map

OAK COTTAGE sits on a plot of roughly 0.063 of an acre, or 256m². The below map shows the location of OAK 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 OAK 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 OAK COTTAGE?

OAK COTTAGE is located on ELMSWELL ROAD in WETHERDEN, in the IP14 postcode district. The below map shows the position of OAK COTTAGE on ELMSWELL ROAD.