FIELD COTTAGE, BACK STREET, GAYTON, KING'S LYNN, PE32 1QR - £400,000

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.

FIELD COTTAGE is a very large detached house of 159m², built sometime between 1991 and 1995, which could now be worth an estimated £491,304. It was last sold for £400,000 in April 2020, which was around 34% above the average April 2020 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2016, where the current energy rating was F, and the potential energy rating was C.

FIELD COTTAGE Sold Prices

Land registry data shows two sales for FIELD 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 King's Lynn and West Norfolk local authority area for the corresponding sale date. Both of the two FIELD 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
2020 17 APR	£400,000	£298,569	34% above HPI
2017 3 APR	£350,000	£277,619	26% above HPI

FIELD COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The two FIELD COTTAGE sales from April 2017 and April 2020 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 April 2017 sale was for 26% above the HPI. So the extrapolation line tracks at 26% above the HPI over time, until the April 2020 sale, where it rises to 34% above the HPI. The line then continues to track at 34% above the HPI.

What might FIELD COTTAGE be worth now?

FIELD COTTAGE might now be worth an estimated £491,304.

This is based on house price inflation of 22.8%, between April 2020 and February 2025, for detached houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 22.8% inflationary increase is applied to the most recent sale price for FIELD COTTAGE of £400,000 on 17th April 2020. For the value to have increased from £400,000 to £491,304 over the five years and two months to February 2025, the following assumptions must hold true:

• The value of FIELD COTTAGE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The April 2020 sale price of £400,000 represented a fair market value for the property.
• The size, condition, and specification of FIELD COTTAGE has not materially changed since April 2020.

How Large is FIELD COTTAGE?

FIELD COTTAGE is 159m² according to the EPC inspection conducted in May 2016. This puts it in the largest 20% of detached houses houses in Gayton, based on EPC data. The below chart shows the distribution of detached houses houses by size in Gayton, and where FIELD COTTAGE lies on this distribution: 80% of detached houses houses are smaller than FIELD COTTAGE, and 19% of houses are larger. Note that EPC data is not available for all properties in Gayton.

FIELD COTTAGE: Plot and Title Map

FIELD COTTAGE sits on a plot of roughly 0.393 of an acre, or 1,592m². The below map shows the location of FIELD 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 FIELD 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 FIELD COTTAGE?

FIELD COTTAGE is located on BACK STREET in GAYTON, in the PE32 postcode district. The below map shows the position of FIELD COTTAGE on BACK STREET.