FERN COTTAGE, NORWICH ROAD, LUDHAM, GREAT YARMOUTH, NR29 5QA - £275,000

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

FERN COTTAGE is a very small detached house of 67m², built sometime between 1900 and 1929. It was last sold for £275,000 in February 2022, which was around 35% below the average February 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2018, where the current energy rating was E, and the potential energy rating was B.

FERN COTTAGE Sold Prices

Land registry data shows four sales for FERN COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four FERN 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 FEB	£275,000	£426,083	35% below HPI
2018 9 NOV	£225,000	£346,319	35% below HPI
2015 7 DEC	£190,000	£295,013	36% below HPI
2000 11 FEB	£73,500	£95,850	23% below HPI

FERN 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 four FERN COTTAGE sales between February 2000 and February 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 November 2018 sale was for 35% below the HPI. So the extrapolation line tracks at 35% below the HPI over time, until the February 2022 sale, which was also at 35% below the HPI.

How Large is FERN COTTAGE?

FERN COTTAGE is 67m² according to the EPC inspection conducted in January 2018. This puts it in the smallest 10% of detached houses in Ludham, based on EPC data. The below chart shows the distribution of detached houses by size in Ludham, and where FERN COTTAGE lies on this distribution: 6% of detached houses are smaller than FERN COTTAGE, and 94% of houses are larger. Note that EPC data is not available for all properties in Ludham.

FERN COTTAGE: Plot and Title Map

FERN COTTAGE sits on a plot of roughly 0.029 of an acre, or 117m². 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 NORWICH ROAD in LUDHAM, in the NR29 postcode district. The below map shows the position of FERN COTTAGE on NORWICH ROAD.