HEATH COTTAGE, STAITHE ROAD, HICKLING, NORWICH, NR12 0YJ - £232,500

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

HEATH COTTAGE is a very small extended detached house of 75m², built sometime between 1900 and 1929, which could now be worth an estimated £407,227. It was last sold for £232,500 in December 2006, which was around 3% below the average December 2006 detached price in the North Norfolk local authority area. The most recent EPC inspection was December 2012, where the current energy rating was E, and the potential energy rating was B.

HEATH COTTAGE Sold Prices

Land registry data shows two sales for HEATH 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 North Norfolk local authority area for the corresponding sale date. Both of the two HEATH 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
2006 15 DEC	£232,500	£240,297	3% below HPI
2004 10 MAY	£182,000	£195,102	7% below HPI

HEATH 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 two HEATH COTTAGE sales from May 2004 and December 2006 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 May 2004 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the December 2006 sale, where it rises to 3% below the HPI. The line then continues to track at 3% below the HPI.

What might HEATH COTTAGE be worth now?

HEATH COTTAGE might now be worth an estimated £407,227.

This is based on house price inflation of 75.2%, between December 2006 and December 2024, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 75.2% inflationary increase is applied to the most recent sale price for HEATH COTTAGE of £232,500 on 15th December 2006. For the value to have increased from £232,500 to £407,227 over the eighteen years to December 2024, the following assumptions must hold true:

• The value of HEATH COTTAGE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The December 2006 sale price of £232,500 represented a fair market value for the property.
• The size, condition, and specification of HEATH COTTAGE has not materially changed since December 2006.

How Large is HEATH COTTAGE?

HEATH COTTAGE is 75m², which includes three extensions, according to the EPC inspection conducted in December 2012. This puts it in the smallest 20% of detached houses houses in Hickling, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hickling, and where HEATH COTTAGE lies on this distribution: 10% of detached houses houses are smaller than HEATH COTTAGE, and 90% of houses are larger. Note that EPC data is not available for all properties in Hickling.

HEATH COTTAGE: Plot and Title Map

HEATH COTTAGE sits on a plot of roughly 0.319 of an acre, or 1,292m². The below map shows the location of HEATH 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 HEATH 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 HEATH COTTAGE?

HEATH COTTAGE is located on STAITHE ROAD in HICKLING, in the NR12 postcode district. The below map shows the position of HEATH COTTAGE on STAITHE ROAD.