THYME COTTAGE, MILL LANE, SOUTHWOLD, IP18 6HW - £455,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

THYME COTTAGE is a very small extended detached house of 65m², built sometime between 1950 and 1966. It was last sold for £455,000 in January 2012, which was around 75% above the average January 2012 detached price in the East Suffolk local authority area. The most recent EPC inspection was October 2011, where the current energy rating was F, and the potential energy rating was E.

THYME COTTAGE Sold Prices

Land registry data shows two sales for THYME 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 East Suffolk local authority area for the corresponding sale date. Both of the two THYME COTTAGE sales 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
2012 12 JAN	£455,000	£260,137	75% above HPI
1999 16 APR	£240,000	£90,677	165% above HPI

THYME COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the East Suffolk local authority area over time, sourced from the HPI. The two THYME COTTAGE sales from April 1999 and January 2012 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 April 1999 sale was for 165% above the HPI. So the extrapolation line tracks at 165% above the HPI over time, until the January 2012 sale, where it falls to 75% above the HPI. The line then continues to track at 75% above the HPI.

How Large is THYME COTTAGE?

THYME COTTAGE is 65m², which includes one extension, according to the EPC inspection conducted in October 2011. This puts it in the smallest 10% of detached houses in Southwold, based on EPC data. The below chart shows the distribution of detached houses by size in Southwold, and where THYME COTTAGE lies on this distribution: 9% of detached houses are smaller than THYME COTTAGE, and 91% of houses are larger. Note that EPC data is not available for all properties in Southwold.

THYME COTTAGE: Plot and Title Map

THYME COTTAGE sits on a plot of roughly 0.083 of an acre, or 334m². The below map shows the location of THYME 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 THYME 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 THYME COTTAGE?

THYME COTTAGE is located on MILL LANE in SOUTHWOLD, in the IP18 postcode district. The below map shows the position of THYME COTTAGE on MILL LANE.