MILL COTTAGE, YARMOUTH ROAD, STALHAM, NORWICH, NR12 9PF - £280,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

MILL COTTAGE is a very small extended detached house of 63m², built sometime before 1900. It was last sold for £280,000 in April 2018, which was around 18% below the average April 2018 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2016, where the current energy rating was D, and the potential energy rating was C.

MILL COTTAGE Sold Prices

Land registry data shows four sales for MILL COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the four MILL 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 12 APR	£280,000	£340,742	18% below HPI
2017 25 JAN	£195,000	£313,296	38% below HPI
2016 21 MAR	£131,000	£299,942	56% below HPI
1997 18 APR	£28,000	£71,956	61% below HPI

MILL 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 four MILL COTTAGE sales between April 1997 and April 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 January 2017 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the April 2018 sale, where it rises to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is MILL COTTAGE?

MILL COTTAGE is 63m², which includes two extensions, according to the EPC inspection conducted in October 2016. This puts it in the smallest 10% of detached houses in Stalham, based on EPC data. The below chart shows the distribution of detached houses by size in Stalham, and where MILL COTTAGE lies on this distribution: 5% of detached houses are smaller than MILL COTTAGE, and 95% of houses are larger. Note that EPC data is not available for all properties in Stalham.

MILL COTTAGE: Plot and Title Map

MILL COTTAGE sits on a plot of roughly 0.085 of an acre, or 342m². The below map shows the location of MILL 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 MILL 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 MILL COTTAGE?

MILL COTTAGE is located on YARMOUTH ROAD in STALHAM, in the NR12 postcode district. The below map shows the position of MILL COTTAGE on YARMOUTH ROAD.