THE COTTAGE, POUND CORNER, BARNINGHAM, BURY ST EDMUNDS, IP31 1BY - £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

THE COTTAGE is a large extended property of 147m², built sometime before 1900. It was last sold for £500 in June 2021, which was around 100% below the average June 2021 detached price in the West Suffolk local authority area. The most recent EPC inspection was March 2010, where the current energy rating was F, and the potential energy rating was E.

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 West Suffolk local authority area for the corresponding sale date. two of the four THE COTTAGE sales were for below the average price, and four were for above 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 3 JUN	£500	£400,098	100% below HPI
2012 25 JUL	£345,000	£268,442	29% above HPI
2007 29 OCT	£395,000	£278,000	42% above HPI
1996 2 FEB	£65,000	£81,366	20% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the West Suffolk local authority area over time, sourced from the HPI. The four THE COTTAGE sales between February 1996 and June 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 July 2012 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the June 2021 sale, where it falls to 100% below the HPI. The line then continues to track at 100% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 147m², which includes two extensions, according to the EPC inspection conducted in March 2010. This puts it in the largest 30% of detached houses in Barningham, based on EPC data. The below chart shows the distribution of detached houses by size in Barningham, and where THE COTTAGE lies on this distribution: 78% of detached houses are smaller than THE COTTAGE, and 22% of houses are larger. Note that EPC data is not available for all properties in Barningham.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.324 of an acre, or 1,313m². 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 POUND CORNER in BARNINGHAM, in the IP31 postcode district. The below map shows the position of THE COTTAGE on POUND CORNER.