THE COTTAGE, NORTH ROAD, BUNWELL, NORWICH, NR16 1RB - £417,500

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 large extended detached house of 162m², built sometime before 1900, which could now be worth an estimated £558,933. It was last sold for £417,500 in January 2017, which was around 27% above the average January 2017 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2016, where the current energy rating was E, and the potential energy rating was C.

THE COTTAGE Sold Prices

Land registry data shows two sales for THE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. One of the two THE COTTAGE sales was for above the average price, whilst the other was 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
2017 5 JAN	£417,500	£328,161	27% above HPI
1996 23 AUG	£74,000	£79,691	7% below HPI

THE COTTAGE Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two THE COTTAGE sales from August 1996 and January 2017 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 1996 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the January 2017 sale, where it rises to 27% above the HPI. The line then continues to track at 27% above the HPI.

What might THE COTTAGE be worth now?

THE COTTAGE might now be worth an estimated £558,933.

This is based on house price inflation of 33.9%, between January 2017 and March 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 33.9% inflationary increase is applied to the most recent sale price for THE COTTAGE of £417,500 on 5th January 2017. For the value to have increased from £417,500 to £558,933 over the seven years and ten months to March 2025, the following assumptions must hold true:

• The value of THE COTTAGE has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The January 2017 sale price of £417,500 represented a fair market value for the property.
• The size, condition, and specification of THE COTTAGE has not materially changed since January 2017.

How Large is THE COTTAGE?

THE COTTAGE is 162m², which includes four extensions, according to the EPC inspection conducted in September 2016. This puts it in the largest 40% of detached houses houses in Bunwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bunwell, and where THE COTTAGE lies on this distribution: 67% of detached houses houses are smaller than THE COTTAGE, and 33% of houses are larger. Note that EPC data is not available for all properties in Bunwell.

THE COTTAGE: Plot and Title Map

THE COTTAGE sits on a plot of roughly 0.195 of an acre, or 791m². 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 NORTH ROAD in BUNWELL, in the NR16 postcode district. The below map shows the position of THE COTTAGE on NORTH ROAD.