HILL COTTAGE, LAWRENCES LANE, HILGAY, DOWNHAM MARKET, PE38 0JE - £239,995

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.

HILL COTTAGE is a small detached house of 86m², built sometime between 1991 and 1995, which could now be worth an estimated £291,871. It was last sold for £239,995 in December 2019, which was around 20% below the average December 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was September 2019, where the current energy rating was E, and the potential energy rating was C.

HILL COTTAGE Sold Prices

Land registry data shows three sales for HILL COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the three HILL 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 18 DEC	£239,995	£301,541	20% below HPI
2004 29 NOV	£155,500	£189,267	18% below HPI
1996 28 JUN	£16,500	£60,966	73% below HPI

HILL 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 three HILL COTTAGE sales between June 1996 and December 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 November 2004 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the December 2019 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might HILL COTTAGE be worth now?

HILL COTTAGE might now be worth an estimated £291,871.

This is based on house price inflation of 21.6%, between December 2019 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 21.6% inflationary increase is applied to the most recent sale price for HILL COTTAGE of £239,995 on 18th December 2019. For the value to have increased from £239,995 to £291,871 over the six years and ten months to February 2025, the following assumptions must hold true:

• The value of HILL COTTAGE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The December 2019 sale price of £239,995 represented a fair market value for the property.
• The size, condition, and specification of HILL COTTAGE has not materially changed since December 2019.

How Large is HILL COTTAGE?

HILL COTTAGE is 86m² according to the EPC inspection conducted in September 2019. This puts it in the smallest 30% of detached houses houses in Hilgay, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hilgay, and where HILL COTTAGE lies on this distribution: 27% of detached houses houses are smaller than HILL COTTAGE, and 72% of houses are larger. Note that EPC data is not available for all properties in Hilgay.

HILL COTTAGE: Plot and Title Map

HILL COTTAGE sits on a plot of roughly 0.140 of an acre, or 568m². The below map shows the location of HILL 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 HILL 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 HILL COTTAGE?

HILL COTTAGE is located on LAWRENCES LANE in HILGAY, in the PE38 postcode district. The below map shows the position of HILL COTTAGE on LAWRENCES LANE.