THE COTTAGE, OAK LANE, EAST RUSTON, NORWICH, NR12 9JG - £38,000

Based on the December 2024 Price Paid Data (released on 29th January 2025), the November 2024 House Price Index (released on 15th January 2025), and the December 2024 Energy Performance of Buildings Data (released on 31st January 2025). Sources

THE COTTAGE is a large extended semi-detached house of 156m², built sometime before 1900. It was last sold for £38,000 in November 1997, which was around 52% below the average November 1997 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2013, where the current energy rating was F, 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 North Norfolk local authority area for the corresponding sale date. Both of the two 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
1997 3 NOV	£38,000	£79,424	52% below HPI
1997 16 JUL	£33,000	£73,957	55% below 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 two THE COTTAGE sales from July 1997 and November 1997 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 1997 sale was for 55% below the HPI. So the extrapolation line tracks at 55% below the HPI over time, until the November 1997 sale, where it rises to 52% below the HPI. The line then continues to track at 52% below the HPI.

How Large is THE COTTAGE?

THE COTTAGE is 156m², which includes one extension, according to the EPC inspection conducted in April 2013. This puts it in the largest 40% of detached houses in East Ruston, based on EPC data. The below chart shows the distribution of detached houses by size in East Ruston, and where THE COTTAGE lies on this distribution: 65% of detached houses are smaller than THE COTTAGE, and 32% 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 0.152 of an acre, or 613m². 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 OAK LANE in EAST RUSTON, in the NR12 postcode district. The below map shows the position of THE COTTAGE on OAK LANE.