4, RAILWAY COTTAGES, OLD LAKENHAM, NORWICH, NR1 2LZ - £200,000

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.

4 RAILWAY COTTAGES is a very small extended detached house of 52m², built sometime before 1900, which could now be worth an estimated £250,112. It was last sold for £200,000 in November 2018, which was around 43% below the average November 2018 detached price in the South Norfolk local authority area. The most recent EPC inspection was November 2018, where the current energy rating was F, and the potential energy rating was C.

4 RAILWAY COTTAGES Sold Prices

Land registry data shows two sales for 4 RAILWAY 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 4 RAILWAY 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
2018 8 NOV	£200,000	£351,918	43% below HPI
2016 18 NOV	£181,000	£323,629	44% below HPI

4 RAILWAY 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 4 RAILWAY COTTAGES sales from November 2016 and November 2018 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 2016 sale was for 44% below the HPI. So the extrapolation line tracks at 44% below the HPI over time, until the November 2018 sale, where it rises to 43% below the HPI. The line then continues to track at 43% below the HPI.

What might 4 RAILWAY COTTAGES be worth now?

4 RAILWAY COTTAGES might now be worth an estimated £250,112.

This is based on house price inflation of 25.1%, between November 2018 and February 2025, for 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 25.1% inflationary increase is applied to the most recent sale price for 4 RAILWAY COTTAGES of £200,000 on 8th November 2018. For the value to have increased from £200,000 to £250,112 over the seven years and nine months to February 2025, the following assumptions must hold true:

• The value of 4 RAILWAY COTTAGES has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The November 2018 sale price of £200,000 represented a fair market value for the property.
• The size, condition, and specification of 4 RAILWAY COTTAGES has not materially changed since November 2018.

How Large is 4 RAILWAY COTTAGES?

4 RAILWAY COTTAGES is 52m², which includes two extensions, according to the EPC inspection conducted in November 2018. This puts it in the smallest 10% of detached houses houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses houses by size in Norwich, and where 4 RAILWAY COTTAGES lies on this distribution: 1% of detached houses houses are smaller than 4 RAILWAY COTTAGES, and 99% of houses are larger. Note that EPC data is not available for all properties in Norwich.

4 RAILWAY COTTAGES: Plot and Title Map

4 RAILWAY COTTAGES sits on a plot of roughly 0.471 of an acre, or 1,907m². The below map shows the location of 4 RAILWAY 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 4 RAILWAY 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 4 RAILWAY COTTAGES?

4 RAILWAY COTTAGES is located in OLD LAKENHAM, in the NR1 postcode district. The below map shows the position of No. 4 on RAILWAY COTTAGES.