FAREND COTTAGE, OLLEY ROAD, WEST RUNTON, CROMER, NR27 9QN - £400,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

FAREND COTTAGE is a very small detached house of 84m², built sometime between 1930 and 1949. It was last sold for £400,000 in July 2022, which was around 7% below the average July 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2014, where the current energy rating was D, and the potential energy rating was B.

FAREND COTTAGE Sold Prices

Land registry data shows three sales for FAREND 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 North Norfolk local authority area for the corresponding sale date. All of the three FAREND 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
2022 14 JUL	£400,000	£431,331	7% below HPI
2014 2 OCT	£250,000	£270,209	7% below HPI
1999 11 NOV	£87,000	£96,374	10% below HPI

FAREND 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 three FAREND COTTAGE sales between November 1999 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 October 2014 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the July 2022 sale, which was also at 7% below the HPI.

How Large is FAREND COTTAGE?

FAREND COTTAGE is 84m² according to the EPC inspection conducted in April 2014. This puts it in the smallest 20% of detached houses in West Runton, based on EPC data. The below chart shows the distribution of detached houses by size in West Runton, and where FAREND COTTAGE lies on this distribution: 16% of detached houses are smaller than FAREND COTTAGE, and 84% of houses are larger. Note that EPC data is not available for all properties in West Runton.

FAREND COTTAGE: Plot and Title Map

FAREND COTTAGE sits on a plot of roughly 0.085 of an acre, or 343m². The below map shows the location of FAREND 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 FAREND 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 FAREND COTTAGE?

FAREND COTTAGE is located on OLLEY ROAD in WEST RUNTON, in the NR27 postcode district. The below map shows the position of FAREND COTTAGE on OLLEY ROAD.