SATIS COTTAGE, THE STREET, WESTLETON, SAXMUNDHAM, IP17 3AG - £340,000

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

SATIS COTTAGE is a very small extended detached house of 67m², built sometime before 1900. It was last sold for £340,000 in March 2021, which was around 8% below the average March 2021 detached price in the East Suffolk local authority area. The most recent EPC inspection was January 2015, where the current energy rating was G, and the potential energy rating was A.

SATIS COTTAGE Sold Prices

Land registry data shows two sales for SATIS 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 SATIS 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
2021 5 MAR	£340,000	£371,419	8% below HPI
2016 5 AUG	£258,000	£320,108	19% below HPI

SATIS 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 SATIS COTTAGE sales from August 2016 and March 2021 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 August 2016 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2021 sale, where it rises to 8% below the HPI. The line then continues to track at 8% below the HPI.

How Large is SATIS COTTAGE?

SATIS COTTAGE is 67m², which includes one extension, according to the EPC inspection conducted in January 2015. This puts it in the smallest 10% of detached houses in Westleton, based on EPC data. The below chart shows the distribution of detached houses by size in Westleton, and where SATIS COTTAGE lies on this distribution: 2% of detached houses are smaller than SATIS COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Westleton.

SATIS COTTAGE: Plot and Title Map

SATIS COTTAGE sits on a plot of roughly 0.034 of an acre, or 136m². The below map shows the location of SATIS 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 SATIS 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 SATIS COTTAGE?

SATIS COTTAGE is located on THE STREET in WESTLETON, in the IP17 postcode district. The below map shows the position of SATIS COTTAGE on THE STREET.