RED COTTAGE, BRIDGE END, NEWPORT, SAFFRON WALDEN, CB11 3TH - £380,000

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

RED COTTAGE is a very small extended detached house of 79m², built sometime before 1900. It was last sold for £380,000 in November 2020, which was around 39% below the average November 2020 detached price in the Uttlesford local authority area. The most recent EPC inspection was September 2011, where the current energy rating was D, and the potential energy rating was D.

RED COTTAGE Sold Prices

Land registry data shows four sales for RED 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 Uttlesford local authority area for the corresponding sale date. All of the four RED 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
2020 27 NOV	£380,000	£618,691	39% below HPI
2011 15 DEC	£250,000	£402,404	38% below HPI
2006 20 JAN	£238,000	£348,323	32% below HPI
1996 17 JUL	£75,000	£128,405	42% below HPI

RED COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Uttlesford local authority area over time, sourced from the HPI. The four RED COTTAGE sales between July 1996 and November 2020 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 2011 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the November 2020 sale, where it falls to 39% below the HPI. The line then continues to track at 39% below the HPI.

How Large is RED COTTAGE?

RED COTTAGE is 79m², which includes one extension, according to the EPC inspection conducted in September 2011. This puts it in the smallest 10% of detached houses in Newport, based on EPC data. The below chart shows the distribution of detached houses by size in Newport, and where RED COTTAGE lies on this distribution: 7% of detached houses are smaller than RED COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Newport.

RED COTTAGE: Plot and Title Map

RED COTTAGE sits on a plot of roughly 0.064 of an acre, or 258m². The below map shows the location of RED 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 RED 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 RED COTTAGE?

RED COTTAGE is located on BRIDGE END in NEWPORT, in the CB11 postcode district. The below map shows the position of RED COTTAGE on BRIDGE END.