FALCON COTTAGE, FALCON LANE, DITCHINGHAM, BUNGAY, NR35 2JG - £272,000

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

FALCON COTTAGE is a small extended detached house of 89m², built sometime before 1900. It was last sold for £272,000 in June 2018, which was around 19% below the average June 2018 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2022, where the current energy rating was D, and the potential energy rating was B.

FALCON COTTAGE Sold Prices

Land registry data shows two sales for FALCON 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 South Norfolk local authority area for the corresponding sale date. Both of the two FALCON 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
2018 21 JUN	£272,000	£334,202	19% below HPI
2009 2 OCT	£190,000	£220,966	14% below HPI

FALCON COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two FALCON COTTAGE sales from October 2009 and June 2018 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 October 2009 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the June 2018 sale, where it falls to 19% below the HPI. The line then continues to track at 19% below the HPI.

How Large is FALCON COTTAGE?

FALCON COTTAGE is 89m², which includes one extension, according to the EPC inspection conducted in April 2022. This puts it in the smallest 40% of detached houses in Bungay, based on EPC data. The below chart shows the distribution of detached houses by size in Bungay, and where FALCON COTTAGE lies on this distribution: 39% of detached houses are smaller than FALCON COTTAGE, and 60% of houses are larger. Note that EPC data is not available for all properties in Bungay.

FALCON COTTAGE: Plot and Title Map

FALCON COTTAGE sits on a plot of roughly 0.046 of an acre, or 187m². The below map shows the location of FALCON 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 FALCON 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 FALCON COTTAGE?

FALCON COTTAGE is located on FALCON LANE in DITCHINGHAM, in the NR35 postcode district. The below map shows the position of FALCON COTTAGE on FALCON LANE.