2, THE COTTAGES, NORTH ROAD, BUNWELL, NORWICH, NR16 1RB - £224,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

2 THE COTTAGES is a small extended semi-detached house of 108m², built sometime before 1900. It was last sold for £224,000 in August 2014, which was around 17% below the average August 2014 detached price in the South Norfolk local authority area. The most recent EPC inspection was February 2014, where the current energy rating was E, and the potential energy rating was C.

2 THE COTTAGES Sold Prices

Land registry data shows two sales for 2 THE COTTAGES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two 2 THE COTTAGES 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
2014 1 AUG	£224,000	£269,922	17% below HPI
2006 29 NOV	£152,950	£241,287	37% below HPI

2 THE COTTAGES Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 2 THE COTTAGES sales from November 2006 and August 2014 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 2006 sale was for 37% below the HPI. So the extrapolation line tracks at 37% below the HPI over time, until the August 2014 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 2 THE COTTAGES?

2 THE COTTAGES is 108m², which includes one extension, according to the EPC inspection conducted in February 2014. This puts it in the smallest 30% of detached houses in Bunwell, based on EPC data. The below chart shows the distribution of detached houses by size in Bunwell, and where 2 THE COTTAGES lies on this distribution: 24% of detached houses are smaller than 2 THE COTTAGES, and 74% of houses are larger. Note that EPC data is not available for all properties in Bunwell.

2 THE COTTAGES: Plot and Title Map

2 THE COTTAGES sits on a plot of roughly 0.057 of an acre, or 232m². The below map shows the location of 2 THE COTTAGES, 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 THE COTTAGES). 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 THE COTTAGES?

2 THE COTTAGES is located on NORTH ROAD in BUNWELL, in the NR16 postcode district. The below map shows the position of 2 THE COTTAGES on NORTH ROAD.