4, VALE COTTAGES, PITS LANE, CHEDGRAVE, NORWICH, NR14 6NQ - £233,000

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.

4 VALE COTTAGES is a small extended semi-detached house of 90m², built sometime before 1900, which could now be worth an estimated £308,672. It was last sold for £233,000 in May 2018, which was around 8% above the average May 2018 semi-detached price in the South Norfolk local authority area. The most recent EPC inspection was March 2018, where the current energy rating was C, and the potential energy rating was B.

4 VALE COTTAGES Sold Prices

Land registry data shows two sales for 4 VALE COTTAGES since 1^st January 1995. The below table shows the price paid for the two sales, along with the average semi-detached price in the South Norfolk local authority area for the corresponding sale date. One of the two 4 VALE COTTAGES 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
2018 30 MAY	£233,000	£215,059	8% above HPI
2001 23 APR	£40,000	£76,975	48% below HPI

4 VALE COTTAGES Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 4 VALE COTTAGES sales from April 2001 and May 2018 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 2001 sale was for 48% below the HPI. So the extrapolation line tracks at 48% below the HPI over time, until the May 2018 sale, where it rises to 8% above the HPI. The line then continues to track at 8% above the HPI.

What might 4 VALE COTTAGES be worth now?

4 VALE COTTAGES might now be worth an estimated £308,672.

This is based on house price inflation of 32.5%, between May 2018 and March 2025, for semi-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 32.5% inflationary increase is applied to the most recent sale price for 4 VALE COTTAGES of £233,000 on 30th May 2018. For the value to have increased from £233,000 to £308,672 over the seven years and two months to March 2025, the following assumptions must hold true:

• The value of 4 VALE COTTAGES has moved in line with the HPI for semi-detached houses in the South Norfolk local authority area.
• The May 2018 sale price of £233,000 represented a fair market value for the property.
• The size, condition, and specification of 4 VALE COTTAGES has not materially changed since May 2018.

How Large is 4 VALE COTTAGES?

4 VALE COTTAGES is 90m², which includes one extension, according to the EPC inspection conducted in March 2018. This puts it in the smallest 40% of semi-detached houses houses in Chedgrave, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Chedgrave, and where 4 VALE COTTAGES lies on this distribution: 38% of semi-detached houses houses are smaller than 4 VALE COTTAGES, and 60% of houses are larger. Note that EPC data is not available for all properties in Chedgrave.

4 VALE COTTAGES: Plot and Title Map

4 VALE COTTAGES sits on a plot of roughly 0.042 of an acre, or 170m². The below map shows the location of 4 VALE COTTAGES, 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 4 VALE COTTAGES). 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 4 VALE COTTAGES?

4 VALE COTTAGES is located on PITS LANE in CHEDGRAVE, in the NR14 postcode district. The below map shows the position of 4 VALE COTTAGES on PITS LANE.