HOME COTTAGE, FLEGG GREEN, WEREHAM, KING'S LYNN, PE33 9BA - £325,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

HOME COTTAGE is a midsized extended detached house of 128m², built sometime before 1900. It was last sold for £325,000 in January 2022, which was around 5% below the average January 2022 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was February 2020, where the current energy rating was F, and the potential energy rating was C.

HOME COTTAGE Sold Prices

Land registry data shows two sales for HOME 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. One of the two HOME COTTAGE sales was for below the average price, whilst the other was 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
2022 10 JAN	£325,000	£342,794	5% below HPI
2021 18 MAR	£330,000	£316,180	4% above HPI

HOME 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 HOME COTTAGE sales from March 2021 and January 2022 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 March 2021 sale was for 4% above the HPI. So the extrapolation line tracks at 4% above the HPI over time, until the January 2022 sale, where it falls to 5% below the HPI. The line then continues to track at 5% below the HPI.

How Large is HOME COTTAGE?

HOME COTTAGE is 128m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the smallest 50% of detached houses in Wereham, based on EPC data. The below chart shows the distribution of detached houses by size in Wereham, and where HOME COTTAGE lies on this distribution: 41% of detached houses are smaller than HOME COTTAGE, and 59% of houses are larger. Note that EPC data is not available for all properties in Wereham.

HOME COTTAGE: Plot and Title Map

HOME COTTAGE sits on a plot of roughly 0.172 of an acre, or 697m². The below map shows the location of HOME 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 HOME 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 HOME COTTAGE?

HOME COTTAGE is located on FLEGG GREEN in WEREHAM, in the PE33 postcode district. The below map shows the position of HOME COTTAGE on FLEGG GREEN.