OAKTREE COTTAGE, RANWORTH ROAD, HEMBLINGTON, NORWICH, NR13 4PP - £205,000

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

OAKTREE COTTAGE is a small detached house of 87m², built sometime between 1950 and 1966. It was last sold for £205,000 in January 2007, which was around 17% below the average January 2007 detached price in the Broadland local authority area. The most recent EPC inspection was November 2013, where the current energy rating was E, and the potential energy rating was C.

OAKTREE COTTAGE Sold Prices

Land registry data shows three sales for OAKTREE COTTAGE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Broadland local authority area for the corresponding sale date. All of the three OAKTREE 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
2007 5 JAN	£205,000	£247,596	17% below HPI
2006 10 MAR	£200,000	£220,904	9% below HPI
2001 15 JUN	£80,000	£129,585	38% below HPI

OAKTREE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The three OAKTREE COTTAGE sales between June 2001 and January 2007 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 March 2006 sale was for 9% below the HPI. So the extrapolation line tracks at 9% below the HPI over time, until the January 2007 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is OAKTREE COTTAGE?

OAKTREE COTTAGE is 87m² according to the EPC inspection conducted in November 2013. This puts it in the smallest 30% of detached houses in Blofield Heath, based on EPC data. The below chart shows the distribution of detached houses by size in Blofield Heath, and where OAKTREE COTTAGE lies on this distribution: 22% of detached houses are smaller than OAKTREE COTTAGE, and 77% of houses are larger. Note that EPC data is not available for all properties in Blofield Heath.

OAKTREE COTTAGE: Plot and Title Map

OAKTREE COTTAGE sits on a plot of roughly 0.148 of an acre, or 601m². The below map shows the location of OAKTREE 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 OAKTREE 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 OAKTREE COTTAGE?

OAKTREE COTTAGE is located on RANWORTH ROAD in HEMBLINGTON, in the NR13 postcode district. The below map shows the position of OAKTREE COTTAGE on RANWORTH ROAD.