ROSE COTTAGE, THORPE MARKET, NORWICH, NR11 8TN - £290,000

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.

ROSE COTTAGE is a very small extended detached house of 88m², built sometime before 1900, which could now be worth an estimated £320,418. It was last sold for £290,000 in October 2020, which was around 26% below the average October 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2019, where the current energy rating was E, and the potential energy rating was C.

ROSE COTTAGE Sold Prices

Land registry data shows five sales for ROSE COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. Most of the five ROSE 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
2020 13 OCT	£290,000	£389,918	26% below HPI
2009 7 AUG	£211,000	£225,881	7% below HPI
2001 20 JUL	£132,000	£124,740	6% above HPI
1998 18 SEP	£69,950	£84,601	17% below HPI
1996 6 DEC	£54,000	£71,072	24% below HPI

ROSE 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 five ROSE COTTAGE sales between December 1996 and October 2020 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 2009 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the October 2020 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might ROSE COTTAGE be worth now?

ROSE COTTAGE might now be worth an estimated £320,418.

This is based on house price inflation of 10.5%, between October 2020 and February 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 10.5% inflationary increase is applied to the most recent sale price for ROSE COTTAGE of £290,000 on 13th October 2020. For the value to have increased from £290,000 to £320,418 over the five years and eight months to February 2025, the following assumptions must hold true:

• The value of ROSE COTTAGE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The October 2020 sale price of £290,000 represented a fair market value for the property.
• The size, condition, and specification of ROSE COTTAGE has not materially changed since October 2020.

How Large is ROSE COTTAGE?

ROSE COTTAGE is 88m², which includes two extensions, according to the EPC inspection conducted in January 2019. This puts it in the smallest 20% of detached houses houses in Thorpe Market, based on EPC data. The below chart shows the distribution of detached houses houses by size in Thorpe Market, and where ROSE COTTAGE lies on this distribution: 14% of detached houses houses are smaller than ROSE COTTAGE, and 81% of houses are larger. Note that EPC data is not available for all properties in Thorpe Market.

ROSE COTTAGE: Plot and Title Map

ROSE COTTAGE sits on a plot of roughly 0.135 of an acre, or 546m². The below map shows the location of ROSE 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 ROSE 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 ROSE COTTAGE?

ROSE COTTAGE is located in THORPE MARKET, in the NR11 postcode district. The below map shows the position of ROSE COTTAGE in THORPE MARKET.