THE COTTAGE, OAK HILL LANE, IPSWICH, IP2 8PA - £137,000

THE COTTAGE is a very small extended detached house of 84m², built sometime before 1900. It was last sold for £137,000 in August 2013, which was around 41% below the average August 2013 detached price in the Ipswich local authority area. The most recent EPC inspection was November 2012, where the current energy rating was D, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE 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 Ipswich local authority area for the corresponding sale date. Both of the two THE 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
2013 21 AUG	£137,000	£233,052	41% below HPI
1995 30 NOV	£42,000	£70,046	40% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Ipswich local authority area over time, sourced from the HPI. The two THE COTTAGE sales from November 1995 and August 2013 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 1995 sale was for 40% below the HPI. So the extrapolation line tracks at 40% below the HPI over time, until the August 2013 sale, where it falls to 41% below the HPI. The line then continues to track at 41% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 84m², which includes one extension, according to the EPC inspection conducted in November 2012. This puts it in the smallest 20% of detached houses in Ipswich, based on EPC data. The below chart shows the distribution of detached houses by size in Ipswich, and where THE COTTAGE lies on this distribution: 18% of detached houses are smaller than THE COTTAGE, and 81% of houses are larger. Note that EPC data is not available for all properties in Ipswich.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.104 of an acre, or 423m². 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 OAK HILL LANE in IPSWICH, in the IP2 postcode district. The below map shows the position of THE COTTAGE on OAK HILL LANE.