OAK COTTAGE, MILL STREET, GISLINGHAM, EYE, IP23 8JT - £278,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

OAK COTTAGE is a very small extended detached house of 82m², built sometime before 1900. It was last sold for £278,000 in August 2023, which was around 35% below the average August 2023 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was December 2022, where the current energy rating was D, and the potential energy rating was B.

OAK COTTAGE Sold Prices

Land registry data shows four sales for OAK COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Mid Suffolk local authority area for the corresponding sale date. All of the four OAK 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
2023 22 AUG	£278,000	£429,182	35% below HPI
2021 23 APR	£302,500	£387,038	22% below HPI
2015 16 OCT	£215,000	£319,004	33% below HPI
2005 28 JAN	£165,000	£229,907	28% below 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 four OAK COTTAGE sales between January 2005 and August 2023 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 April 2021 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2023 sale, where it falls to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is OAK COTTAGE?

OAK COTTAGE is 82m², which includes one extension, according to the EPC inspection conducted in December 2022. This puts it in the smallest 10% of detached houses in Gislingham, based on EPC data. The below chart shows the distribution of detached houses by size in Gislingham, and where OAK COTTAGE lies on this distribution: 8% of detached houses are smaller than OAK COTTAGE, and 91% of houses are larger. Note that EPC data is not available for all properties in Gislingham.

OAK COTTAGE: Plot and Title Map

OAK COTTAGE sits on a plot of roughly 0.054 of an acre, or 217m². 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 MILL STREET in GISLINGHAM, in the IP23 postcode district. The below map shows the position of OAK COTTAGE on MILL STREET.