MULBERRY COTTAGE, BACK LANE, WEREHAM, KING'S LYNN, PE33 9BB - £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.

MULBERRY COTTAGE is a very small extended detached house of 99m², built sometime between 1996 and 2002, which could now be worth an estimated £314,354. It was last sold for £280,000 in August 2021, which was around 14% below the average August 2021 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was November 2008, where the current energy rating was D, and the potential energy rating was D.

MULBERRY COTTAGE Sold Prices

Land registry data shows two sales for MULBERRY 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 MULBERRY 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
2021 10 AUG	£280,000	£326,643	14% below HPI
1999 19 NOV	£89,500	£88,713	1% above HPI

MULBERRY 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 MULBERRY COTTAGE sales from November 1999 and August 2021 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 1999 sale was for 1% above the HPI. So the extrapolation line tracks at 1% above the HPI over time, until the August 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might MULBERRY COTTAGE be worth now?

MULBERRY COTTAGE might now be worth an estimated £314,354.

This is based on house price inflation of 12.3%, between August 2021 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 12.3% inflationary increase is applied to the most recent sale price for MULBERRY COTTAGE of £280,000 on 10th August 2021. For the value to have increased from £280,000 to £314,354 over the four years and six months to February 2025, the following assumptions must hold true:

• The value of MULBERRY COTTAGE has moved in line with the HPI for detached houses in the King's Lynn and West Norfolk local authority area.
• The August 2021 sale price of £280,000 represented a fair market value for the property.
• The size, condition, and specification of MULBERRY COTTAGE has not materially changed since August 2021.

How Large is MULBERRY COTTAGE?

MULBERRY COTTAGE is 99m², which includes one extension, according to the EPC inspection conducted in November 2008. This puts it in the smallest 20% of detached houses houses in Wereham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wereham, and where MULBERRY COTTAGE lies on this distribution: 14% of detached houses houses are smaller than MULBERRY COTTAGE, and 86% of houses are larger. Note that EPC data is not available for all properties in Wereham.

MULBERRY COTTAGE: Plot and Title Map

MULBERRY COTTAGE sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of MULBERRY 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 MULBERRY 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 MULBERRY COTTAGE?

MULBERRY COTTAGE is located on BACK LANE in WEREHAM, in the PE33 postcode district. The below map shows the position of MULBERRY COTTAGE on BACK LANE.