OLDE COTTAGE, OLD STREET, NEWTON FLOTMAN, NORWICH, NR15 1PD - £357,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

OLDE COTTAGE is a very large detached house of 166m², built sometime before 1900, which could now be worth an estimated £369,827. It was last sold for £357,000 in July 2022, which was around 14% below the average July 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was July 2010, where the current energy rating was E, and the potential energy rating was D.

OLDE COTTAGE Sold Prices

Land registry data shows three sales for OLDE 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 South Norfolk local authority area for the corresponding sale date. Two of the three OLDE COTTAGE sales were for below the average price, whilst one 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
2022 25 JUL	£357,000	£416,416	14% below HPI
2006 24 FEB	£250,000	£226,300	10% above HPI
2000 14 APR	£83,500	£110,714	25% below HPI

OLDE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three OLDE COTTAGE sales between April 2000 and July 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 February 2006 sale was for 10% above the HPI. So the extrapolation line tracks at 10% above the HPI over time, until the July 2022 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

What might OLDE COTTAGE be worth now?

OLDE COTTAGE might now be worth an estimated £369,827.

This is based on house price inflation of 3.6%, between July 2022 and December 2024, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 3.6% inflationary increase is applied to the most recent sale price for OLDE COTTAGE of £357,000 on 25th July 2022. For the value to have increased from £357,000 to £369,827 over the one year and seven months to December 2024, the following assumptions must hold true:

• The value of OLDE COTTAGE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The July 2022 sale price of £357,000 represented a fair market value for the property.
• The size, condition, and specification of OLDE COTTAGE has not materially changed since July 2022.

How Large is OLDE COTTAGE?

OLDE COTTAGE is 166m² according to the EPC inspection conducted in July 2010. This puts it in the largest 10% of detached houses houses in Newton Flotman, based on EPC data. The below chart shows the distribution of detached houses houses by size in Newton Flotman, and where OLDE COTTAGE lies on this distribution: 92% of detached houses houses are smaller than OLDE COTTAGE, and 8% of houses are larger. Note that EPC data is not available for all properties in Newton Flotman.

OLDE COTTAGE: Plot and Title Map

OLDE COTTAGE sits on a plot of roughly 0.112 of an acre, or 453m². The below map shows the location of OLDE 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 OLDE 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 OLDE COTTAGE?

OLDE COTTAGE is located on OLD STREET in NEWTON FLOTMAN, in the NR15 postcode district. The below map shows the position of OLDE COTTAGE on OLD STREET.