POUND COTTAGE, TOWNHOUSE ROAD, COSTESSEY, NORWICH, NR8 5BX - £740,000

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

POUND COTTAGE is a very large extended detached house of 232m², built sometime between 1976 and 1982. It was last sold for £740,000 in January 2023, which was around 74% above the average January 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2022, where the current energy rating was D, and the potential energy rating was C.

POUND COTTAGE Sold Prices

Land registry data shows four sales for POUND COTTAGE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the four POUND 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
2023 9 JAN	£740,000	£425,576	74% above HPI
2014 13 AUG	£430,000	£269,922	59% above HPI
2008 5 SEP	£315,000	£243,047	30% above HPI
2006 22 MAY	£353,500	£233,662	51% above HPI

POUND 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 four POUND COTTAGE sales between May 2006 and January 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 2014 sale was for 59% above the HPI. So the extrapolation line tracks at 59% above the HPI over time, until the January 2023 sale, where it rises to 74% above the HPI. The line then continues to track at 74% above the HPI.

How Large is POUND COTTAGE?

POUND COTTAGE is 232m², which includes one extension, according to the EPC inspection conducted in September 2022. This puts it in the largest 10% of detached houses in Costessey, based on EPC data. The below chart shows the distribution of detached houses by size in Costessey, and where POUND COTTAGE lies on this distribution: 94% of detached houses are smaller than POUND COTTAGE, and 6% of houses are larger. Note that EPC data is not available for all properties in Costessey.

POUND COTTAGE: Plot and Title Map

POUND COTTAGE sits on a plot of roughly 1.2 acres, or 5,056m². The below map shows the location of POUND 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 POUND 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 POUND COTTAGE?

POUND COTTAGE is located on TOWNHOUSE ROAD in COSTESSEY, in the NR8 postcode district. The below map shows the position of POUND COTTAGE on TOWNHOUSE ROAD.