OLD MILL COTTAGE, MILL LANE, EAST RUNTON, CROMER, NR27 9PH - £425,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

OLD MILL COTTAGE is a large extended detached house of 151m², built sometime between 1900 and 1929. It was last sold for £425,000 in August 2023, which was around 3% below the average August 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2023, where the current energy rating was E, and the potential energy rating was C.

OLD MILL COTTAGE Sold Prices

Land registry data shows two sales for OLD MILL 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. One of the two OLD MILL 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
2023 7 AUG	£425,000	£437,337	3% below HPI
2007 23 AUG	£272,000	£251,809	8% above HPI

OLD 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 two OLD MILL COTTAGE sales from August 2007 and August 2023 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 August 2007 sale was for 8% above the HPI. So the extrapolation line tracks at 8% above the HPI over time, until the August 2023 sale, where it falls to 3% below the HPI. The line then continues to track at 3% below the HPI.

How Large is OLD MILL COTTAGE?

OLD MILL COTTAGE is 151m², which includes three extensions, according to the EPC inspection conducted in June 2023. This puts it in the largest 30% of detached houses in East Runton, based on EPC data. The below chart shows the distribution of detached houses by size in East Runton, and where OLD MILL COTTAGE lies on this distribution: 77% of detached houses are smaller than OLD MILL COTTAGE, and 23% of houses are larger. Note that EPC data is not available for all properties in East Runton.

OLD MILL COTTAGE: Plot and Title Map

OLD MILL COTTAGE sits on a plot of roughly 0.238 of an acre, or 963m². The below map shows the location of OLD 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 OLD 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 OLD MILL COTTAGE?

OLD MILL COTTAGE is located on MILL LANE in EAST RUNTON, in the NR27 postcode district. The below map shows the position of OLD MILL COTTAGE on MILL LANE.