BAY COTTAGE, THORPENESS, LEISTON, IP16 4NG - £485,000

BAY COTTAGE is a very small extended detached house of 60m², built sometime before 1900. It was last sold for £485,000 in October 2020, which was around 30% above the average October 2020 detached price in the East Suffolk local authority area. The most recent EPC inspection was November 2017, where the current energy rating was D, and the potential energy rating was B.

BAY COTTAGE Sold Prices

Land registry data shows two sales for BAY 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 BAY 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
2020 16 OCT	£485,000	£373,131	30% above HPI
2018 2 JUL	£390,000	£354,036	10% above HPI

BAY 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 BAY COTTAGE sales from July 2018 and October 2020 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 2018 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the October 2020 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is BAY COTTAGE?

BAY COTTAGE is 60m², which includes two extensions, according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of detached houses in Thorpeness, based on EPC data. The below chart shows the distribution of detached houses by size in Thorpeness, and where BAY COTTAGE lies on this distribution: 2% of detached houses are smaller than BAY COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in Thorpeness.

BAY COTTAGE: Plot and Title Map

BAY COTTAGE sits on a plot of roughly 0.102 of an acre, or 414m². The below map shows the location of BAY 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 BAY 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 BAY COTTAGE?

BAY COTTAGE is located in THORPENESS, in the IP16 postcode district. The below map shows the position of BAY COTTAGE in THORPENESS.