CHERRY TREE COTTAGE, DEREHAM ROAD, COLKIRK, FAKENHAM, NR21 7NH - £475,000

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

CHERRY TREE COTTAGE is a midsized extended detached house of 118m², built sometime between 1976 and 1982. It was last sold for £475,000 in July 2022, which was around 30% above the average July 2022 detached price in the Breckland local authority area. The most recent EPC inspection was November 2021, where the current energy rating was E, and the potential energy rating was C.

CHERRY TREE COTTAGE Sold Prices

Land registry data shows two sales for CHERRY TREE 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 Breckland local authority area for the corresponding sale date. Both of the two CHERRY TREE 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
2022 18 JUL	£475,000	£365,505	30% above HPI
2012 8 AUG	£245,000	£210,821	16% above HPI

CHERRY TREE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The two CHERRY TREE COTTAGE sales from August 2012 and July 2022 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 August 2012 sale was for 16% above the HPI. So the extrapolation line tracks at 16% above the HPI over time, until the July 2022 sale, where it rises to 30% above the HPI. The line then continues to track at 30% above the HPI.

How Large is CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is 118m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 50% of detached houses in Colkirk, based on EPC data. The below chart shows the distribution of detached houses by size in Colkirk, and where CHERRY TREE COTTAGE lies on this distribution: 47% of detached houses are smaller than CHERRY TREE COTTAGE, and 51% of houses are larger. Note that EPC data is not available for all properties in Colkirk.

CHERRY TREE COTTAGE: Plot and Title Map

CHERRY TREE COTTAGE sits on a plot of roughly 0.137 of an acre, or 554m². The below map shows the location of CHERRY TREE 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 CHERRY TREE 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 CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is located on DEREHAM ROAD in COLKIRK, in the NR21 postcode district. The below map shows the position of CHERRY TREE COTTAGE on DEREHAM ROAD.