CHESTNUT COTTAGE, GREYHOUND LANE, BANHAM, NORWICH, NR16 2HT - £260,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

CHESTNUT COTTAGE is a very small semi-detached house of 70m². It was last sold for £260,000 in December 2023, which was around 12% above the average December 2023 semi-detached price in the Breckland local authority area. The most recent EPC inspection was July 2019, where the current energy rating was C, and the potential energy rating was B.

CHESTNUT COTTAGE Sold Prices

Land registry data shows three sales for CHESTNUT COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average semi-detached price in the Breckland local authority area for the corresponding sale date. All of the three CHESTNUT 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
2023 15 DEC	£260,000	£231,829	12% above HPI
2019 13 DEC	£229,500	£192,708	19% above HPI
2015 24 AUG	£187,000	£160,936	16% above HPI

CHESTNUT COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the Breckland local authority area over time, sourced from the HPI. The three CHESTNUT COTTAGE sales between August 2015 and December 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 December 2019 sale was for 19% above the HPI. So the extrapolation line tracks at 19% above the HPI over time, until the December 2023 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might CHESTNUT COTTAGE be worth now?

CHESTNUT COTTAGE might now be worth an estimated £267,965.

This is based on house price inflation of 3.1%, between December 2023 and December 2024, for semi-detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.1% inflationary increase is applied to the most recent sale price for CHESTNUT COTTAGE of £260,000 on 15th December 2023. For the value to have increased from £260,000 to £267,965 over the one year to December 2024, the following assumptions must hold true:

• The value of CHESTNUT COTTAGE has moved in line with the HPI for semi-detached houses in the Breckland local authority area.
• The December 2023 sale price of £260,000 represented a fair market value for the property.
• The size, condition, and specification of CHESTNUT COTTAGE has not materially changed since December 2023.

How Large is CHESTNUT COTTAGE?

CHESTNUT COTTAGE is 70m² according to the EPC inspection conducted in July 2019. This puts it in the smallest 10% of semi-detached houses houses in Banham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Banham, and where CHESTNUT COTTAGE lies on this distribution: 6% of semi-detached houses houses are smaller than CHESTNUT COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Banham.

CHESTNUT COTTAGE: Plot and Title Map

CHESTNUT COTTAGE sits on a plot of roughly 0.032 of an acre, or 129m². The below map shows the location of CHESTNUT 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 CHESTNUT 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 CHESTNUT COTTAGE?

CHESTNUT COTTAGE is located on GREYHOUND LANE in BANHAM, in the NR16 postcode district. The below map shows the position of CHESTNUT COTTAGE on GREYHOUND LANE.