THE COTTAGE, CHEQUERS STREET, EAST RUSTON, NORWICH, NR12 9JT - £570,000

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.

THE COTTAGE is a very small extended detached house of 67m², built sometime between 1900 and 1929, which could now be worth an estimated £656,868. It was last sold for £570,000 in March 2021, which was around 52% above the average March 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was July 2011, where the current energy rating was F, and the potential energy rating was E.

THE COTTAGE Sold Prices

Land registry data shows three sales for THE 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 THE 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
2021 17 MAR	£570,000	£373,843	52% above HPI
2011 8 NOV	£315,000	£241,426	30% above HPI
2007 14 DEC	£312,500	£269,442	16% above HPI

THE 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 THE COTTAGE sales between December 2007 and March 2021 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 November 2011 sale was for 30% above the HPI. So the extrapolation line tracks at 30% above the HPI over time, until the March 2021 sale, where it rises to 52% above the HPI. The line then continues to track at 52% above the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £656,868.

This is based on house price inflation of 15.2%, between March 2021 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 15.2% inflationary increase is applied to the most recent sale price for THE COTTAGE of £570,000 on 17th March 2021. For the value to have increased from £570,000 to £656,868 over the four years and one month to February 2025, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The March 2021 sale price of £570,000 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since March 2021.

How Large is THE COTTAGE?

THE COTTAGE is 67m², which includes two extensions, according to the EPC inspection conducted in July 2011. This puts it in the smallest 10% of detached houses houses in East Ruston, based on EPC data. The below chart shows the distribution of detached houses houses by size in East Ruston, and where THE COTTAGE lies on this distribution: Less than 1% of detached houses houses are smaller than THE COTTAGE, and more than 99% of houses are larger. Note that EPC data is not available for all properties in East Ruston.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.270 of an acre, or 1,094m². The below map shows the location of THE 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 THE 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 THE COTTAGE?

THE COTTAGE is located on CHEQUERS STREET in EAST RUSTON, in the NR12 postcode district. The below map shows the position of THE COTTAGE on CHEQUERS STREET.