THE COTTAGE, ISLE ROAD, OUTWELL, WISBECH, PE14 8TD - £143,000

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 midsized extended detached house of 97m², built sometime before 1900. It was last sold for £143,000 in January 2023, which was around 62% below the average January 2023 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was August 2022, where the current energy rating was E, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows four sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the four 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 four 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
2023 13 JAN	£143,000	£379,032	62% below HPI
2018 31 JAN	£145,000	£285,640	49% below HPI
2012 25 JUN	£117,000	£203,197	42% below HPI
2002 21 JUN	£76,000	£125,990	40% below HPI

THE 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 four THE COTTAGE sales between June 2002 and January 2023 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 January 2018 sale was for 49% below the HPI. So the extrapolation line tracks at 49% below the HPI over time, until the January 2023 sale, where it falls to 62% below the HPI. The line then continues to track at 62% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 97m², which includes three extensions, according to the EPC inspection conducted in August 2022. This puts it in the smallest 50% of detached houses in Outwell, based on EPC data. The below chart shows the distribution of detached houses by size in Outwell, and where THE COTTAGE lies on this distribution: 48% of detached houses are smaller than THE COTTAGE, and 53% of houses are larger. Note that EPC data is not available for all properties in Outwell.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.112 of an acre, or 452m². 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 ISLE ROAD in OUTWELL, in the PE14 postcode district. The below map shows the position of THE COTTAGE on ISLE ROAD.