MOLE COTTAGE, CHAPEL LANE, FINCHAM, KING'S LYNN, PE33 9EN - £199,950

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.

MOLE COTTAGE is a very small detached house of 75m², built sometime between 1996 and 2002, which could now be worth an estimated £249,429. It was last sold for £199,950 in July 2018, which was around 32% below the average July 2018 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was March 2018, where the current energy rating was D, and the potential energy rating was B.

MOLE COTTAGE Sold Prices

Land registry data shows two sales for MOLE 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. Both of the two MOLE 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 19 JUL	£199,950	£293,974	32% below HPI
2007 10 APR	£150,000	£213,220	30% below HPI

MOLE 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 MOLE COTTAGE sales from April 2007 and July 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 April 2007 sale was for 30% below the HPI. So the extrapolation line tracks at 30% below the HPI over time, until the July 2018 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

What might MOLE COTTAGE be worth now?

MOLE COTTAGE might now be worth an estimated £249,429.

This is based on house price inflation of 24.7%, between July 2018 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 24.7% inflationary increase is applied to the most recent sale price for MOLE COTTAGE of £199,950 on 19th July 2018. For the value to have increased from £199,950 to £249,429 over the seven years and five months to February 2025, the following assumptions must hold true:

• The value of MOLE COTTAGE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The July 2018 sale price of £199,950 represented a fair market value for the property.
• The size, condition, and specification of MOLE COTTAGE has not materially changed since July 2018.

How Large is MOLE COTTAGE?

MOLE COTTAGE is 75m² according to the EPC inspection conducted in March 2018. This puts it in the smallest 10% of detached houses houses in Fincham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Fincham, and where MOLE COTTAGE lies on this distribution: 7% of detached houses houses are smaller than MOLE COTTAGE, and 93% of houses are larger. Note that EPC data is not available for all properties in Fincham.

MOLE COTTAGE: Plot and Title Map

MOLE COTTAGE sits on a plot of roughly 0.045 of an acre, or 183m². The below map shows the location of MOLE 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 MOLE 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 MOLE COTTAGE?

MOLE COTTAGE is located on CHAPEL LANE in FINCHAM, in the PE33 postcode district. The below map shows the position of MOLE COTTAGE on CHAPEL LANE.