FOLLY COTTAGE, EAGLE ROAD, ERPINGHAM, NORWICH, NR11 7AD - £247,500

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

FOLLY COTTAGE is a very small extended semi-detached house of 79m², built sometime between 1930 and 1949. It was last sold for £247,500 in March 2018, which was around 27% below the average March 2018 detached price in the North Norfolk local authority area. The most recent EPC inspection was November 2017, where the current energy rating was E, and the potential energy rating was B.

FOLLY COTTAGE Sold Prices

Land registry data shows five sales for FOLLY 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 North Norfolk local authority area for the corresponding sale date. All of the five FOLLY 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 26 MAR	£247,500	£339,604	27% below HPI
2013 4 OCT	£162,000	£244,887	34% below HPI
2003 13 NOV	£145,000	£186,412	22% below HPI
2000 1 SEP	£86,000	£109,576	22% below HPI
1997 7 MAR	£36,750	£71,500	49% below HPI

FOLLY 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 five FOLLY COTTAGE sales between March 1997 and March 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 2013 sale was for 34% below the HPI. So the extrapolation line tracks at 34% below the HPI over time, until the March 2018 sale, where it rises to 27% below the HPI. The line then continues to track at 27% below the HPI.

How Large is FOLLY COTTAGE?

FOLLY COTTAGE is 79m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of detached houses in Erpingham, based on EPC data. The below chart shows the distribution of detached houses by size in Erpingham, and where FOLLY COTTAGE lies on this distribution: 5% of detached houses are smaller than FOLLY COTTAGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Erpingham.

FOLLY COTTAGE: Plot and Title Map

FOLLY COTTAGE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of FOLLY 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 FOLLY 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 FOLLY COTTAGE?

FOLLY COTTAGE is located on EAGLE ROAD in ERPINGHAM, in the NR11 postcode district. The below map shows the position of FOLLY COTTAGE on EAGLE ROAD.