OAK COTTAGE, GORE LANE, RAYNE, BRAINTREE, CM77 6TU - £350,000

OAK COTTAGE is a large detached house of 148m², built sometime before 1900. It was last sold for £350,000 in May 2014, which was around 3% above the average May 2014 detached price in the Braintree local authority area. The most recent EPC inspection was November 2013, where the current energy rating was F, and the potential energy rating was D.

OAK COTTAGE Sold Prices

Land registry data shows two sales for OAK COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Braintree local authority area for the corresponding sale date. Both of the two OAK COTTAGE sales were 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
2014 16 MAY	£350,000	£338,697	3% above HPI
1995 22 DEC	£137,000	£93,097	47% above HPI

OAK 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 two OAK COTTAGE sales from December 1995 and May 2014 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 December 1995 sale was for 47% above the HPI. So the extrapolation line tracks at 47% above the HPI over time, until the May 2014 sale, where it falls to 3% above the HPI. The line then continues to track at 3% above the HPI.

How Large is OAK COTTAGE?

OAK COTTAGE is 148m² according to the EPC inspection conducted in November 2013. This puts it in the largest 40% of detached houses in Rayne, based on EPC data. The below chart shows the distribution of detached houses by size in Rayne, and where OAK COTTAGE lies on this distribution: 69% of detached houses are smaller than OAK COTTAGE, and 31% of houses are larger. Note that EPC data is not available for all properties in Rayne.

OAK COTTAGE: Plot and Title Map

OAK COTTAGE sits on a plot of roughly 0.161 of an acre, or 651m². 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 GORE LANE in RAYNE, in the CM77 postcode district. The below map shows the position of OAK COTTAGE on GORE LANE.