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

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.

MILL COTTAGE is a very small extended detached house of 63m², built sometime before 1900, which could now be worth an estimated £350,624. It was last sold for £280,000 in April 2018, which was around 19% 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	£344,040	19% below HPI
2017 25 JAN	£195,000	£316,328	38% below HPI
2016 21 MAR	£131,000	£302,845	57% below HPI
1997 18 APR	£28,000	£72,653	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 19% below the HPI. The line then continues to track at 19% below the HPI.

What might MILL COTTAGE be worth now?

MILL COTTAGE might now be worth an estimated £350,624.

This is based on house price inflation of 25.2%, between April 2018 and February 2025, 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 25.2% inflationary increase is applied to the most recent sale price for MILL COTTAGE of £280,000 on 12th April 2018. For the value to have increased from £280,000 to £350,624 over the seven years and two months to February 2025, the following assumptions must hold true:

• The value of MILL COTTAGE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The April 2018 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of MILL COTTAGE has not materially changed since April 2018.

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 houses in Stalham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Stalham, and where MILL COTTAGE lies on this distribution: 5% of detached houses houses are smaller than MILL COTTAGE, and 94% 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.