SILK PURSE COTTAGE, DOCTORS LANE, STRADBROKE, EYE, IP21 5HU - £312,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

SILK PURSE COTTAGE is a very small extended semi-detached house of 72m², built sometime before 1900. It was last sold for £312,000 in June 2024, which was around 25% below the average June 2024 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was C.

SILK PURSE COTTAGE Sold Prices

Land registry data shows four sales for SILK PURSE 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 SILK PURSE 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
2024 14 JUN	£312,000	£414,118	25% below HPI
2020 4 DEC	£272,152	£394,807	31% below HPI
2014 15 AUG	£178,000	£290,279	39% below HPI
2009 9 JUN	£166,000	£221,725	25% below HPI

SILK PURSE 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 SILK PURSE COTTAGE sales between June 2009 and June 2024 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 2020 sale was for 31% below the HPI. So the extrapolation line tracks at 31% below the HPI over time, until the June 2024 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is SILK PURSE COTTAGE?

SILK PURSE COTTAGE is 72m², which includes two extensions, according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of detached houses in Stradbroke, based on EPC data. The below chart shows the distribution of detached houses by size in Stradbroke, and where SILK PURSE COTTAGE lies on this distribution: 4% of detached houses are smaller than SILK PURSE COTTAGE, and 94% of houses are larger. Note that EPC data is not available for all properties in Stradbroke.

SILK PURSE COTTAGE: Plot and Title Map

SILK PURSE COTTAGE sits on a plot of roughly 0.188 of an acre, or 760m². The below map shows the location of SILK PURSE 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 SILK PURSE 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 SILK PURSE COTTAGE?

SILK PURSE COTTAGE is located on DOCTORS LANE in STRADBROKE, in the IP21 postcode district. The below map shows the position of SILK PURSE COTTAGE on DOCTORS LANE.