2, FREEMASONS COTTAGE, MILL ROAD, HEMPNALL, NORWICH, NR15 2LP - £365,000

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.

2 FREEMASONS COTTAGE is a midsized extended semi-detached house of 124m², built sometime before 1900, which could now be worth an estimated £424,229. It was last sold for £365,000 in June 2021, which was around 50% above the average June 2021 semi-detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2020, where the current energy rating was E, and the potential energy rating was C.

2 FREEMASONS COTTAGE Sold Prices

Land registry data shows two sales for 2 FREEMASONS COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two 2 FREEMASONS 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
2021 9 JUN	£365,000	£243,777	50% above HPI
1996 3 JAN	£74,500	£44,554	67% above HPI

2 FREEMASONS COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 2 FREEMASONS COTTAGE sales from January 1996 and June 2021 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 January 1996 sale was for 67% above the HPI. So the extrapolation line tracks at 67% above the HPI over time, until the June 2021 sale, where it falls to 50% above the HPI. The line then continues to track at 50% above the HPI.

What might 2 FREEMASONS COTTAGE be worth now?

2 FREEMASONS COTTAGE might now be worth an estimated £424,229.

This is based on house price inflation of 16.2%, between June 2021 and February 2025, for semi-detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 16.2% inflationary increase is applied to the most recent sale price for 2 FREEMASONS COTTAGE of £365,000 on 9th June 2021. For the value to have increased from £365,000 to £424,229 over the four years and four months to February 2025, the following assumptions must hold true:

• The value of 2 FREEMASONS COTTAGE has moved in line with the HPI for semi-detached houses in the South Norfolk local authority area.
• The June 2021 sale price of £365,000 represented a fair market value for the property.
• The size, condition, and specification of 2 FREEMASONS COTTAGE has not materially changed since June 2021.

How Large is 2 FREEMASONS COTTAGE?

2 FREEMASONS COTTAGE is 124m², which includes three extensions, according to the EPC inspection conducted in September 2020. This puts it in the largest 50% of semi-detached houses houses in Hempnall, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Hempnall, and where 2 FREEMASONS COTTAGE lies on this distribution: 58% of semi-detached houses houses are smaller than 2 FREEMASONS COTTAGE, and 42% of houses are larger. Note that EPC data is not available for all properties in Hempnall.

2 FREEMASONS COTTAGE: Plot and Title Map

2 FREEMASONS COTTAGE sits on a plot of roughly 0.114 of an acre, or 463m². The below map shows the location of 2 FREEMASONS 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 2 FREEMASONS 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 2 FREEMASONS COTTAGE?

2 FREEMASONS COTTAGE is located on MILL ROAD in HEMPNALL, in the NR15 postcode district. The below map shows the position of 2 FREEMASONS COTTAGE on MILL ROAD.