THE COTTAGE, DEREHAM ROAD, COLKIRK, FAKENHAM, NR21 7NQ - £275,000

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

THE COTTAGE is a small extended detached house of 105m², built sometime before 1900. It was last sold for £275,000 in December 2020, which was around 13% below the average December 2020 detached price in the Breckland local authority area. The most recent EPC inspection was June 2009, where the current energy rating was E, 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 Breckland local authority area for the corresponding sale date. All of the three THE 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 11 DEC	£275,000	£317,784	13% below HPI
2016 19 AUG	£197,000	£275,871	29% below HPI
1996 20 MAY	£49,500	£64,695	23% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three THE COTTAGE sales between May 1996 and December 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 2016 sale was for 29% below the HPI. So the extrapolation line tracks at 29% below the HPI over time, until the December 2020 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 105m², which includes two extensions, according to the EPC inspection conducted in June 2009. This puts it in the smallest 30% of detached houses in Colkirk, based on EPC data. The below chart shows the distribution of detached houses by size in Colkirk, and where THE COTTAGE lies on this distribution: 28% of detached houses are smaller than THE COTTAGE, and 72% of houses are larger. Note that EPC data is not available for all properties in Colkirk.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.124 of an acre, or 501m². 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 DEREHAM ROAD in COLKIRK, in the NR21 postcode district. The below map shows the position of THE COTTAGE on DEREHAM ROAD.