WING COTTAGE, SCHOOL ROAD, COLKIRK, FAKENHAM, NR21 7NW - £225,000

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.

WING COTTAGE is a small extended detached house of 110m², built sometime before 1900, which could now be worth an estimated £395,892. It was last sold for £225,000 in October 2010, which was around 7% above the average October 2010 detached price in the Breckland local authority area. The most recent EPC inspection was July 2009, where the current energy rating was E, and the potential energy rating was E.

WING COTTAGE Sold Prices

Land registry data shows three sales for WING 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. One of the three WING COTTAGE sales was for above the average price, whilst two 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
2010 8 OCT	£225,000	£210,529	7% above HPI
2005 7 APR	£155,000	£200,738	23% below HPI
1996 18 DEC	£37,500	£70,477	47% below HPI

WING 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 WING COTTAGE sales between December 1996 and October 2010 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 April 2005 sale was for 23% below the HPI. So the extrapolation line tracks at 23% below the HPI over time, until the October 2010 sale, where it rises to 7% above the HPI. The line then continues to track at 7% above the HPI.

What might WING COTTAGE be worth now?

WING COTTAGE might now be worth an estimated £395,892.

This is based on house price inflation of 76%, between October 2010 and February 2025, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 76% inflationary increase is applied to the most recent sale price for WING COTTAGE of £225,000 on 8th October 2010. For the value to have increased from £225,000 to £395,892 over the fifteen years and eight months to February 2025, the following assumptions must hold true:

• The value of WING COTTAGE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The October 2010 sale price of £225,000 represented a fair market value for the property.
• The size, condition, and specification of WING COTTAGE has not materially changed since October 2010.

How Large is WING COTTAGE?

WING COTTAGE is 110m², which includes two extensions, according to the EPC inspection conducted in July 2009. This puts it in the smallest 40% of detached houses houses in Colkirk, based on EPC data. The below chart shows the distribution of detached houses houses by size in Colkirk, and where WING COTTAGE lies on this distribution: 38% of detached houses houses are smaller than WING COTTAGE, and 62% of houses are larger. Note that EPC data is not available for all properties in Colkirk.

WING COTTAGE: Plot and Title Map

WING COTTAGE sits on a plot of roughly 0.213 of an acre, or 860m². The below map shows the location of WING 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 WING 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 WING COTTAGE?

WING COTTAGE is located on SCHOOL ROAD in COLKIRK, in the NR21 postcode district. The below map shows the position of WING COTTAGE on SCHOOL ROAD.