THE COTTAGE, NEW HOUSE FARM, STONDON ROAD, ONGAR, CM5 9BU - £685,000

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

THE COTTAGE is a large extended detached house of 151m², built sometime between 2003 and 2006. It was last sold for £685,000 in June 2017, which was around 20% below the average June 2017 detached price in the Epping Forest local authority area. The most recent EPC inspection was August 2009, where the current energy rating was C, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Epping Forest local authority area for the corresponding sale date. All of the three THE 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
2017 16 JUN	£685,000	£855,922	20% below HPI
2015 3 JUL	£601,000	£708,474	15% below HPI
2011 26 MAY	£395,000	£563,819	30% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Epping Forest local authority area over time, sourced from the HPI. The three THE COTTAGE sales between May 2011 and June 2017 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 July 2015 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the June 2017 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 151m², which includes one extension, according to the EPC inspection conducted in August 2009. This puts it in the largest 30% of detached houses in Chipping Ongar, based on EPC data. The below chart shows the distribution of detached houses by size in Chipping Ongar, and where THE COTTAGE lies on this distribution: 71% of detached houses are smaller than THE COTTAGE, and 29% of houses are larger. Note that EPC data is not available for all properties in Chipping Ongar.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.317 of an acre, or 1,282m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE, NEW HOUSE FARM is located on STONDON ROAD in ONGAR, in the CM5 postcode district. The below map shows the position of THE COTTAGE, NEW HOUSE FARM on STONDON ROAD.