SOUTH COTTAGE, OLLEY ROAD, WEST RUNTON, CROMER, NR27 9QN - £315,000

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

SOUTH COTTAGE is a midsized extended detached house of 132m², built sometime between 1900 and 1929. It was last sold for £315,000 in November 2020, which was around 18% below the average November 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was February 2020, where the current energy rating was D, and the potential energy rating was C.

SOUTH COTTAGE Sold Prices

Land registry data shows three sales for SOUTH 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. All of the three SOUTH 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 17 NOV	£315,000	£385,383	18% below HPI
1998 31 JUL	£73,000	£84,538	14% below HPI
1997 14 JAN	£65,000	£70,680	8% below HPI

SOUTH 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 SOUTH COTTAGE sales between January 1997 and November 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 July 1998 sale was for 14% below the HPI. So the extrapolation line tracks at 14% below the HPI over time, until the November 2020 sale, where it falls to 18% below the HPI. The line then continues to track at 18% below the HPI.

How Large is SOUTH COTTAGE?

SOUTH COTTAGE is 132m², which includes two extensions, according to the EPC inspection conducted in February 2020. This puts it in the largest 50% of detached houses in West Runton, based on EPC data. The below chart shows the distribution of detached houses by size in West Runton, and where SOUTH COTTAGE lies on this distribution: 57% of detached houses are smaller than SOUTH COTTAGE, and 43% of houses are larger. Note that EPC data is not available for all properties in West Runton.

SOUTH COTTAGE: Plot and Title Map

SOUTH COTTAGE sits on a plot of roughly 0.090 of an acre, or 363m². The below map shows the location of SOUTH 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 SOUTH 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 SOUTH COTTAGE?

SOUTH COTTAGE is located on OLLEY ROAD in WEST RUNTON, in the NR27 postcode district. The below map shows the position of SOUTH COTTAGE on OLLEY ROAD.