2, FOLDGATE COTTAGE, BACK STREET, SOUTH CREAKE, FAKENHAM, NR21 9PG - £265,500

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.

2 FOLDGATE COTTAGE is a very small terraced house of 74m², built sometime between 1983 and 1990, which could now be worth an estimated £368,619. It was last sold for £265,500 in March 2016, which was around 88% above the average March 2016 terraced price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was February 2016, where the current energy rating was D, and the potential energy rating was B.

2 FOLDGATE COTTAGE Sold Prices

Land registry data shows two sales for 2 FOLDGATE COTTAGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the King's Lynn and West Norfolk local authority area for the corresponding sale date. Both of the two 2 FOLDGATE COTTAGE sales were for above 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
2016 30 MAR	£265,500	£141,224	88% above HPI
1999 10 MAR	£70,000	£37,718	86% above HPI

2 FOLDGATE COTTAGE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the King's Lynn and West Norfolk local authority area over time, sourced from the HPI. The two 2 FOLDGATE COTTAGE sales from March 1999 and March 2016 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 March 1999 sale was for 86% above the HPI. So the extrapolation line tracks at 86% above the HPI over time, until the March 2016 sale, where it rises to 88% above the HPI. The line then continues to track at 88% above the HPI.

What might 2 FOLDGATE COTTAGE be worth now?

2 FOLDGATE COTTAGE might now be worth an estimated £368,619.

This is based on house price inflation of 38.8%, between March 2016 and August 2025, for terraced houses, in the King's Lynn and West Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 38.8% inflationary increase is applied to the most recent sale price for 2 FOLDGATE COTTAGE of £265,500 on 30th March 2016. For the value to have increased from £265,500 to £368,619 over the eight years and seven months to August 2025, the following assumptions must hold true:

• The value of 2 FOLDGATE COTTAGE has moved in line with the HPI for terraced houses in the King's Lynn and West Norfolk local authority area.
• The March 2016 sale price of £265,500 represented a fair market value for the property.
• The size, condition, and specification of 2 FOLDGATE COTTAGE has not materially changed since March 2016.

How Large is 2 FOLDGATE COTTAGE?

2 FOLDGATE COTTAGE is 74m² according to the EPC inspection conducted in February 2016. This puts it in the smallest 20% of terraced houses houses in South Creake, based on EPC data. The below chart shows the distribution of terraced houses houses by size in South Creake, and where 2 FOLDGATE COTTAGE lies on this distribution: 16% of terraced houses houses are smaller than 2 FOLDGATE COTTAGE, and 84% of houses are larger. Note that EPC data is not available for all properties in South Creake.

2 FOLDGATE COTTAGE: Plot and Title Map

2 FOLDGATE COTTAGE sits on a plot of roughly 0.066 of an acre, or 269m². The below map shows the location of 2 FOLDGATE 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 2 FOLDGATE 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 2 FOLDGATE COTTAGE?

2 FOLDGATE COTTAGE is located on BACK STREET in SOUTH CREAKE, in the NR21 postcode district. The below map shows the position of 2 FOLDGATE COTTAGE on BACK STREET.