THE COTTAGE, NEW STREET, FRESSINGFIELD, EYE, IP21 5PG - £280,000

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 very small extended detached house of 68m², built sometime before 1900. It was last sold for £280,000 in August 2022, which was around 35% below the average August 2022 detached price in the Mid Suffolk local authority area. The most recent EPC inspection was March 2013, where the current energy rating was E, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows four sales for THE 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 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
2022 30 AUG	£280,000	£427,520	35% below HPI
2014 28 FEB	£162,000	£270,175	40% below HPI
2006 16 JUN	£156,500	£242,151	35% below HPI
2002 27 SEP	£110,000	£184,021	40% below HPI

THE 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 THE COTTAGE sales between September 2002 and August 2022 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 February 2014 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the August 2022 sale, where it rises to 35% below the HPI. The line then continues to track at 35% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 68m², which includes one extension, according to the EPC inspection conducted in March 2013. This puts it in the smallest 10% of detached houses in Fressingfield, based on EPC data. The below chart shows the distribution of detached houses by size in Fressingfield, and where THE COTTAGE lies on this distribution: 1% of detached houses are smaller than THE COTTAGE, and 99% of houses are larger. Note that EPC data is not available for all properties in Fressingfield.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.072 of an acre, or 291m². 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 is located on NEW STREET in FRESSINGFIELD, in the IP21 postcode district. The below map shows the position of THE COTTAGE on NEW STREET.