FERN COTTAGE, BACK LANE, MILEHAM, KING'S LYNN, PE32 2PP - £285,000

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.

FERN COTTAGE is a large detached house of 119m², built sometime from 2007 onwards, which could now be worth an estimated £415,052. It was last sold for £285,000 in September 2015, which was around 12% above the average September 2015 detached price in the Breckland local authority area. The most recent EPC inspection was November 2011, where the current energy rating was C, and the potential energy rating was C.

FERN COTTAGE Sold Prices

Land registry data shows five sales for FERN COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Most of the five FERN 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
2015 17 SEP	£285,000	£254,360	12% above HPI
2014 17 SEP	£280,000	£237,487	18% above HPI
2012 30 APR	£230,000	£200,360	15% above HPI
2008 15 MAY	£275,000	£226,895	21% above HPI
2006 13 OCT	£105,000	£217,123	52% below HPI

FERN 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 five FERN COTTAGE sales between October 2006 and September 2015 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 September 2014 sale was for 18% above the HPI. So the extrapolation line tracks at 18% above the HPI over time, until the September 2015 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might FERN COTTAGE be worth now?

FERN COTTAGE might now be worth an estimated £415,052.

This is based on house price inflation of 45.6%, between September 2015 and February 2025, for 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 45.6% inflationary increase is applied to the most recent sale price for FERN COTTAGE of £285,000 on 17th September 2015. For the value to have increased from £285,000 to £415,052 over the ten years and seven months to February 2025, the following assumptions must hold true:

• The value of FERN COTTAGE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The September 2015 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of FERN COTTAGE has not materially changed since September 2015.

How Large is FERN COTTAGE?

FERN COTTAGE is 119m² according to the EPC inspection conducted in November 2011. This puts it in the largest 40% of detached houses houses in Mileham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Mileham, and where FERN COTTAGE lies on this distribution: 61% of detached houses houses are smaller than FERN COTTAGE, and 39% of houses are larger. Note that EPC data is not available for all properties in Mileham.

FERN COTTAGE: Plot and Title Map

FERN COTTAGE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of FERN 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 FERN 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 FERN COTTAGE?

FERN COTTAGE is located on BACK LANE in MILEHAM, in the PE32 postcode district. The below map shows the position of FERN COTTAGE on BACK LANE.