RAFSO COTTAGE, RECTORY ROAD, OUTWELL, WISBECH, PE14 8RD - £193,000

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

RAFSO COTTAGE is a small extended detached house of 90m², built sometime between 1900 and 1929. It was last sold for £193,000 in May 2019, which was around 34% below the average May 2019 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was July 2015, where the current energy rating was D, and the potential energy rating was C.

RAFSO COTTAGE Sold Prices

Land registry data shows three sales for RAFSO 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 King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the three RAFSO 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
2019 10 MAY	£193,000	£290,649	34% below HPI
2016 31 MAY	£157,000	£252,970	38% below HPI
2013 3 AUG	£69,000	£210,754	67% below HPI

RAFSO COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The three RAFSO COTTAGE sales between August 2013 and May 2019 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 May 2016 sale was for 38% below the HPI. So the extrapolation line tracks at 38% below the HPI over time, until the May 2019 sale, where it rises to 34% below the HPI. The line then continues to track at 34% below the HPI.

How Large is RAFSO COTTAGE?

RAFSO COTTAGE is 90m², which includes one extension, according to the EPC inspection conducted in July 2015. This puts it in the smallest 40% of detached houses in Outwell, based on EPC data. The below chart shows the distribution of detached houses by size in Outwell, and where RAFSO COTTAGE lies on this distribution: 39% of detached houses are smaller than RAFSO COTTAGE, and 59% of houses are larger. Note that EPC data is not available for all properties in Outwell.

RAFSO COTTAGE: Plot and Title Map

RAFSO COTTAGE sits on a plot of roughly 0.051 of an acre, or 208m². The below map shows the location of RAFSO 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 RAFSO 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 RAFSO COTTAGE?

RAFSO COTTAGE is located on RECTORY ROAD in OUTWELL, in the PE14 postcode district. The below map shows the position of RAFSO COTTAGE on RECTORY ROAD.