ACORN COTTAGE, LAWRENCES LANE, HILGAY, DOWNHAM MARKET, PE38 0JE - £277,000

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

ACORN COTTAGE is a small detached house of 95m², built in 2023. It was last sold for £277,000 in September 2023, which was around 25% below the average September 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2023, where the current energy rating was B, and the potential energy rating was A.

ACORN COTTAGE Sold Prices

Land registry data shows three sales for ACORN COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the three ACORN 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
2023 8 SEP	£277,000	£371,555	25% below HPI
2021 16 JUL	£53,000	£315,090	83% below HPI
2018 25 APR	£55,000	£279,310	80% below HPI

ACORN COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The three ACORN COTTAGE sales between April 2018 and September 2023 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 July 2021 sale was for 83% below the HPI. So the extrapolation line tracks at 83% below the HPI over time, until the September 2023 sale, where it rises to 25% below the HPI. The line then continues to track at 25% below the HPI.

How Large is ACORN COTTAGE?

ACORN COTTAGE is 95m² according to the EPC inspection conducted in August 2023. This puts it in the smallest 40% of detached houses in Hilgay, based on EPC data. The below chart shows the distribution of detached houses by size in Hilgay, and where ACORN COTTAGE lies on this distribution: 38% of detached houses are smaller than ACORN COTTAGE, and 60% of houses are larger. Note that EPC data is not available for all properties in Hilgay.

ACORN COTTAGE: Plot and Title Map

ACORN COTTAGE sits on a plot of roughly 0.041 of an acre, or 167m². The below map shows the location of ACORN 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 ACORN 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 ACORN COTTAGE?

ACORN COTTAGE is located on LAWRENCES LANE in HILGAY, in the PE38 postcode district. The below map shows the position of ACORN COTTAGE on LAWRENCES LANE.