THE OLD THATCHED COTTAGE, THE STREET, MONKS ELEIGH, IPSWICH, IP7 7JE - £364,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

THE OLD THATCHED COTTAGE is a very small extended detached house of 65m², built sometime before 1900, which could now be worth an estimated £445,661. It was last sold for £364,000 in December 2016, which was around 8% below the average December 2016 detached price in the Babergh local authority area. The most recent EPC inspection was May 2010, where the current energy rating was G, and the potential energy rating was F.

THE OLD THATCHED COTTAGE Sold Prices

Land registry data shows two sales for THE OLD THATCHED 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 Babergh local authority area for the corresponding sale date. One of the two THE OLD THATCHED COTTAGE sales was for below the average price, whilst the other was 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
2016 20 DEC	£364,000	£395,262	8% below HPI
2004 15 NOV	£266,000	£258,359	3% above HPI

THE OLD THATCHED COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Babergh local authority area over time, sourced from the HPI. The two THE OLD THATCHED COTTAGE sales from November 2004 and December 2016 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 November 2004 sale was for 3% above the HPI. So the extrapolation line tracks at 3% above the HPI over time, until the December 2016 sale, where it falls to 8% below the HPI. The line then continues to track at 8% below the HPI.

What might THE OLD THATCHED COTTAGE be worth now?

THE OLD THATCHED COTTAGE might now be worth an estimated £445,661.

This is based on house price inflation of 22.4%, between December 2016 and December 2024, for detached houses, in the Babergh local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.4% inflationary increase is applied to the most recent sale price for THE OLD THATCHED COTTAGE of £364,000 on 20th December 2016. For the value to have increased from £364,000 to £445,661 over the eight years to December 2024, the following assumptions must hold true:

• The value of THE OLD THATCHED COTTAGE has moved in line with the HPI for detached houses in the Babergh local authority area.
• The December 2016 sale price of £364,000 represented a fair market value for the property.
• The size, condition, and specification of THE OLD THATCHED COTTAGE has not materially changed since December 2016.

How Large is THE OLD THATCHED COTTAGE?

THE OLD THATCHED COTTAGE is 65m², which includes one extension, according to the EPC inspection conducted in May 2010. This puts it in the smallest 10% of detached houses houses in Monks Eleigh, based on EPC data. The below chart shows the distribution of detached houses houses by size in Monks Eleigh, and where THE OLD THATCHED COTTAGE lies on this distribution: 3% of detached houses houses are smaller than THE OLD THATCHED COTTAGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Monks Eleigh.

THE OLD THATCHED COTTAGE: Plot and Title Map

THE OLD THATCHED COTTAGE sits on a plot of roughly 0.114 of an acre, or 460m². The below map shows the location of THE OLD THATCHED 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 OLD THATCHED 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 OLD THATCHED COTTAGE?

THE OLD THATCHED COTTAGE is located on THE STREET in MONKS ELEIGH, in the IP7 postcode district. The below map shows the position of THE OLD THATCHED COTTAGE on THE STREET.