OLD SMITHY COTTAGE, SCHOOL LANE, BROMESWELL, WOODBRIDGE, IP12 2PX - £415,000

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

OLD SMITHY COTTAGE is a small extended detached house of 112m², built sometime before 1900. It was last sold for £415,000 in July 2014, which was around 51% above the average July 2014 detached price in the East Suffolk local authority area. The most recent EPC inspection was March 2014, where the current energy rating was E, and the potential energy rating was C.

OLD SMITHY COTTAGE Sold Prices

Land registry data shows two sales for OLD SMITHY 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 East Suffolk local authority area for the corresponding sale date. Both of the two OLD SMITHY 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 17 JUL	£415,000	£274,314	51% above HPI
2004 19 MAR	£312,000	£204,684	52% above HPI

OLD SMITHY COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two OLD SMITHY COTTAGE sales from March 2004 and July 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 March 2004 sale was for 52% above the HPI. So the extrapolation line tracks at 52% above the HPI over time, until the July 2014 sale, where it falls to 51% above the HPI. The line then continues to track at 51% above the HPI.

How Large is OLD SMITHY COTTAGE?

OLD SMITHY COTTAGE is 112m², which includes two extensions, according to the EPC inspection conducted in March 2014. This puts it in the smallest 30% of detached houses in Bromeswell, based on EPC data. The below chart shows the distribution of detached houses by size in Bromeswell, and where OLD SMITHY COTTAGE lies on this distribution: 23% of detached houses are smaller than OLD SMITHY COTTAGE, and 74% of houses are larger. Note that EPC data is not available for all properties in Bromeswell.

OLD SMITHY COTTAGE: Plot and Title Map

OLD SMITHY COTTAGE sits on a plot of roughly 0.241 of an acre, or 976m². The below map shows the location of OLD SMITHY 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 OLD SMITHY 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 OLD SMITHY COTTAGE?

OLD SMITHY COTTAGE is located on SCHOOL LANE in BROMESWELL, in the IP12 postcode district. The below map shows the position of OLD SMITHY COTTAGE on SCHOOL LANE.