WILLOW COTTAGE, HIGH STREET, NORDELPH, DOWNHAM MARKET, PE38 0BL - £170,000

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

WILLOW COTTAGE is a very small extended detached house of 109m², built sometime before 1900. It was last sold for £170,000 in June 2008, which was around 20% below the average June 2008 detached price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was May 2019, where the current energy rating was E, and the potential energy rating was A.

WILLOW COTTAGE Sold Prices

Land registry data shows three sales for WILLOW 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 King's Lynn and West Norfolk local authority area for the corresponding sale date. All of the three WILLOW 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
2008 9 JUN	£170,000	£213,511	20% below HPI
2004 12 NOV	£140,000	£184,178	24% below HPI
2003 21 MAR	£120,000	£143,771	17% below HPI

WILLOW 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 three WILLOW COTTAGE sales between March 2003 and June 2008 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 2004 sale was for 24% below the HPI. So the extrapolation line tracks at 24% below the HPI over time, until the June 2008 sale, where it rises to 20% below the HPI. The line then continues to track at 20% below the HPI.

How Large is WILLOW COTTAGE?

WILLOW COTTAGE is 109m², which includes one extension, according to the EPC inspection conducted in May 2019. This puts it in the smallest 20% of detached houses in Nordelph, based on EPC data. The below chart shows the distribution of detached houses by size in Nordelph, and where WILLOW COTTAGE lies on this distribution: 13% of detached houses are smaller than WILLOW COTTAGE, and 87% of houses are larger. Note that EPC data is not available for all properties in Nordelph.

WILLOW COTTAGE: Plot and Title Map

WILLOW COTTAGE sits on a plot of roughly 0.098 of an acre, or 397m². The below map shows the location of WILLOW 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 WILLOW 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 WILLOW COTTAGE?

WILLOW COTTAGE is located on HIGH STREET in NORDELPH, in the PE38 postcode district. The below map shows the position of WILLOW COTTAGE on HIGH STREET.