CHERRY TREE COTTAGE, GORMANS LANE, COLKIRK, FAKENHAM, NR21 7NP - £340,000

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 small extended detached house of 107m², built sometime between 1950 and 1966. It was last sold for £340,000 in May 2022, which was around 5% below the average May 2022 detached price in the Breckland local authority area. The most recent EPC inspection was November 2021, where the current energy rating was F, and the potential energy rating was D.

CHERRY TREE COTTAGE Sold Prices

Land registry data shows three sales for CHERRY TREE 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 Breckland local authority area for the corresponding sale date. Two of the three CHERRY TREE COTTAGE sales were for below the average price, whilst one was 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 10 MAY	£340,000	£359,508	5% below HPI
2003 31 JAN	£165,000	£158,198	4% above HPI
1999 10 DEC	£78,950	£92,766	15% below 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 three CHERRY TREE COTTAGE sales between December 1999 and May 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 January 2003 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the May 2022 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is 107m², which includes one extension, according to the EPC inspection conducted in November 2021. This puts it in the smallest 40% 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: 35% of detached houses are smaller than CHERRY TREE COTTAGE, and 65% 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 0.145 of an acre, or 585m². 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 GORMANS LANE in COLKIRK, in the NR21 postcode district. The below map shows the position of CHERRY TREE COTTAGE on GORMANS LANE.