REED COTTAGE, PARK ROAD, COMBS, STOWMARKET, IP14 2JN - £237,500

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

REED COTTAGE is a small extended detached house of 122m², built sometime before 1900. It was last sold for £237,500 in February 2003, which was around 24% above the average February 2003 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was February 2016, where the current energy rating was E, and the potential energy rating was D.

REED COTTAGE Sold Prices

Land registry data shows two sales for REED 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 Mid Suffolk local authority area for the corresponding sale date. One of the two REED COTTAGE sales was for above the average price, whilst the other was 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
2003 13 FEB	£237,500	£191,086	24% above HPI
1995 17 NOV	£72,500	£76,343	5% below HPI

REED 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 two REED COTTAGE sales from November 1995 and February 2003 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 November 1995 sale was for 5% below the HPI. So the extrapolation line tracks at 5% below the HPI over time, until the February 2003 sale, where it rises to 24% above the HPI. The line then continues to track at 24% above the HPI.

How Large is REED COTTAGE?

REED COTTAGE is 122m², which includes two extensions, according to the EPC inspection conducted in February 2016. This puts it in the smallest 40% of detached houses in Combs, based on EPC data. The below chart shows the distribution of detached houses by size in Combs, and where REED COTTAGE lies on this distribution: 39% of detached houses are smaller than REED COTTAGE, and 61% of houses are larger. Note that EPC data is not available for all properties in Combs.

REED COTTAGE: Plot and Title Map

REED COTTAGE sits on a plot of roughly 0.160 of an acre, or 646m². The below map shows the location of REED 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 REED 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 REED COTTAGE?

REED COTTAGE is located on PARK ROAD in COMBS, in the IP14 postcode district. The below map shows the position of REED COTTAGE on PARK ROAD.