CHERRY TREE COTTAGE, MILL ROAD, POTTER HEIGHAM, GREAT YARMOUTH, NR29 5HY - £265,000

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.

CHERRY TREE COTTAGE is a large detached house of 152m², built sometime between 2003 and 2006, which could now be worth an estimated £384,320. It was last sold for £265,000 in February 2016, which was around 11% below the average February 2016 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2015, where the current energy rating was C, 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 North Norfolk local authority area for the corresponding sale date. Both of the two CHERRY TREE 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
2016 9 FEB	£265,000	£297,061	11% below HPI
2007 15 JUN	£234,000	£243,483	4% below HPI

CHERRY TREE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The two CHERRY TREE COTTAGE sales from June 2007 and February 2016 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 June 2007 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the February 2016 sale, where it falls to 11% below the HPI. The line then continues to track at 11% below the HPI.

What might CHERRY TREE COTTAGE be worth now?

CHERRY TREE COTTAGE might now be worth an estimated £384,320.

This is based on house price inflation of 45%, between February 2016 and February 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 45% inflationary increase is applied to the most recent sale price for CHERRY TREE COTTAGE of £265,000 on 9th February 2016. For the value to have increased from £265,000 to £384,320 over the nine years to February 2025, the following assumptions must hold true:

• The value of CHERRY TREE COTTAGE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The February 2016 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of CHERRY TREE COTTAGE has not materially changed since February 2016.

How Large is CHERRY TREE COTTAGE?

CHERRY TREE COTTAGE is 152m² according to the EPC inspection conducted in April 2015. This puts it in the largest 30% of detached houses houses in Potter Heigham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Potter Heigham, and where CHERRY TREE COTTAGE lies on this distribution: 71% of detached houses houses are smaller than CHERRY TREE COTTAGE, and 28% of houses are larger. Note that EPC data is not available for all properties in Potter Heigham.

CHERRY TREE COTTAGE: Plot and Title Map

CHERRY TREE COTTAGE sits on a plot of roughly 0.104 of an acre, or 422m². 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 MILL ROAD in POTTER HEIGHAM, in the NR29 postcode district. The below map shows the position of CHERRY TREE COTTAGE on MILL ROAD.