ORWELL COTTAGE, SCHOOL ROAD, POTTER HEIGHAM, GREAT YARMOUTH, NR29 5LW - £300,000

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.

ORWELL COTTAGE is a small extended detached house of 90m², built sometime between 1950 and 1966, which could now be worth an estimated £426,551. It was last sold for £300,000 in December 2015, which was around 1% above the average December 2015 detached price in the North 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.

ORWELL COTTAGE Sold Prices

Land registry data shows three sales for ORWELL 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 North Norfolk local authority area for the corresponding sale date. One of the three ORWELL COTTAGE sales was for above the average price, whilst two 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
2015 7 DEC	£300,000	£297,869	1% above HPI
2012 27 JAN	£205,000	£251,821	19% below HPI
1999 19 FEB	£67,000	£85,237	21% below HPI

ORWELL 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 three ORWELL COTTAGE sales between February 1999 and December 2015 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 January 2012 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the December 2015 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might ORWELL COTTAGE be worth now?

ORWELL COTTAGE might now be worth an estimated £426,551.

This is based on house price inflation of 42.2%, between December 2015 and March 2025, for detached houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 42.2% inflationary increase is applied to the most recent sale price for ORWELL COTTAGE of £300,000 on 7th December 2015. For the value to have increased from £300,000 to £426,551 over the ten years and nine months to March 2025, the following assumptions must hold true:

• The value of ORWELL COTTAGE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The December 2015 sale price of £300,000 represented a fair market value for the property.
• The size, condition, and specification of ORWELL COTTAGE has not materially changed since December 2015.

How Large is ORWELL COTTAGE?

ORWELL COTTAGE is 90m², which includes two extensions, according to the EPC inspection conducted in July 2010. This puts it in the smallest 30% of detached houses houses in Potter Heigham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Potter Heigham, and where ORWELL COTTAGE lies on this distribution: 22% of detached houses houses are smaller than ORWELL COTTAGE, and 78% of houses are larger. Note that EPC data is not available for all properties in Potter Heigham.

ORWELL COTTAGE: Plot and Title Map

ORWELL COTTAGE sits on a plot of roughly 0.279 of an acre, or 1,129m². The below map shows the location of ORWELL 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 ORWELL 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 ORWELL COTTAGE?

ORWELL COTTAGE is located on SCHOOL ROAD in POTTER HEIGHAM, in the NR29 postcode district. The below map shows the position of ORWELL COTTAGE on SCHOOL ROAD.