OAK COTTAGE, OAK LANE, EAST RUSTON, NORWICH, NR12 9JG - £530,000

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

OAK COTTAGE is a large extended detached house of 156m², built sometime before 1900. It was last sold for £530,000 in April 2022, which was around 25% above the average April 2022 detached price in the North Norfolk local authority area. The most recent EPC inspection was May 2013, where the current energy rating was E, and the potential energy rating was C.

OAK COTTAGE Sold Prices

Land registry data shows two sales for OAK 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 North Norfolk local authority area for the corresponding sale date. Both of the two OAK COTTAGE sales were 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 25 APR	£530,000	£422,713	25% above HPI
2005 29 JUL	£260,000	£227,540	14% above HPI

OAK 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 two OAK COTTAGE sales from July 2005 and April 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 July 2005 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the April 2022 sale, where it rises to 25% above the HPI. The line then continues to track at 25% above the HPI.

How Large is OAK COTTAGE?

OAK COTTAGE is 156m², which includes four extensions, according to the EPC inspection conducted in May 2013. This puts it in the largest 40% of detached houses in East Ruston, based on EPC data. The below chart shows the distribution of detached houses by size in East Ruston, and where OAK COTTAGE lies on this distribution: 67% of detached houses are smaller than OAK COTTAGE, and 33% of houses are larger. Note that EPC data is not available for all properties in East Ruston.

OAK COTTAGE: Plot and Title Map

OAK COTTAGE sits on a plot of roughly 0.252 of an acre, or 1,018m². The below map shows the location of OAK 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 OAK 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 OAK COTTAGE?

OAK COTTAGE is located on OAK LANE in EAST RUSTON, in the NR12 postcode district. The below map shows the position of OAK COTTAGE on OAK LANE.