MILL COTTAGE, OLD MILL CHASE, WETHERSFIELD, BRAINTREE, CM7 4EB - £210,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MILL COTTAGE is a small extended detached house of 74m², built sometime before 1900, which could now be worth an estimated £341,165. It was last sold for £210,000 in October 2007, which was around 38% below the average October 2007 detached price in the Braintree local authority area. The most recent EPC inspection was April 2022, where the current energy rating was F, and the potential energy rating was E.

MILL COTTAGE Sold Prices

Land registry data shows two sales for MILL 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 Braintree local authority area for the corresponding sale date. Both of the two MILL 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
2007 11 OCT	£210,000	£338,174	38% below HPI
2001 28 AUG	£124,000	£182,764	32% below HPI

MILL COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Braintree local authority area over time, sourced from the HPI. The two MILL COTTAGE sales from August 2001 and October 2007 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 August 2001 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the October 2007 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £341,165.

This is based on house price inflation of 62.5%, between October 2007 and April 2026, for detached houses, in the Braintree local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 62.5% inflationary increase is applied to the most recent sale price for MILL COTTAGE of £210,000 on 11th October 2007. For the value to have increased from £210,000 to £341,165 over the nineteen years and six months to April 2026, the following assumptions must hold true:

• The value of MILL COTTAGE has moved in line with the HPI for detached houses in the Braintree local authority area.
• The October 2007 sale price of £210,000 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since October 2007.

How Large is MILL COTTAGE?

MILL COTTAGE is 74m², which includes two extensions, according to the EPC inspection conducted in April 2022. This puts it in the smallest 30% of detached houses houses in Wethersfield, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wethersfield, and where MILL COTTAGE lies on this distribution: 24% of detached houses houses are smaller than MILL COTTAGE, and 75% of houses are larger. Note that EPC data is not available for all properties in Wethersfield.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.023 of an acre, or 95m². The below map shows the location of MILL 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 MILL 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 MILL COTTAGE?

MILL COTTAGE is located on OLD MILL CHASE in WETHERSFIELD, in the CM7 postcode district. The below map shows the position of MILL COTTAGE on OLD MILL CHASE.