GIG COTTAGE, QUEBEC ROAD, DEREHAM, NR19 2DP - £275,000

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.

GIG COTTAGE is a midsized extended detached house of 118m², built sometime between 1996 and 2002, which could now be worth an estimated £336,868. It was last sold for £275,000 in August 2019, which was around 9% below the average August 2019 detached price in the Breckland local authority area. The most recent EPC inspection was September 2012, where the current energy rating was D, and the potential energy rating was C.

GIG COTTAGE Sold Prices

Land registry data shows two sales for GIG 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 Breckland local authority area for the corresponding sale date. Both of the two GIG 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
2019 2 AUG	£275,000	£302,398	9% below HPI
2014 14 JUL	£205,000	£231,259	11% below HPI

GIG 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 two GIG COTTAGE sales from July 2014 and August 2019 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 July 2014 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the August 2019 sale, where it rises to 9% below the HPI. The line then continues to track at 9% below the HPI.

What might GIG COTTAGE be worth now?

GIG COTTAGE might now be worth an estimated £336,868.

This is based on house price inflation of 22.5%, between August 2019 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 22.5% inflationary increase is applied to the most recent sale price for GIG COTTAGE of £275,000 on 2nd August 2019. For the value to have increased from £275,000 to £336,868 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of GIG COTTAGE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The August 2019 sale price of £275,000 represented a fair market value for the property.
• The size, condition, and specification of GIG COTTAGE has not materially changed since August 2019.

How Large is GIG COTTAGE?

GIG COTTAGE is 118m², which includes two extensions, according to the EPC inspection conducted in September 2012. This puts it in the largest 50% of detached houses houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dereham, and where GIG COTTAGE lies on this distribution: 58% of detached houses houses are smaller than GIG COTTAGE, and 41% of houses are larger. Note that EPC data is not available for all properties in Dereham.

GIG COTTAGE: Plot and Title Map

GIG COTTAGE sits on a plot of roughly 0.081 of an acre, or 328m². The below map shows the location of GIG 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 GIG 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 GIG COTTAGE?

GIG COTTAGE is located on QUEBEC ROAD in DEREHAM, in the NR19 postcode district. The below map shows the position of GIG COTTAGE on QUEBEC ROAD.