BOWER COTTAGE, LOWER COMMON, EAST RUNTON, CROMER, NR27 9PG - £244,595

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.

BOWER COTTAGE is a very small extended terraced house of 59m², built sometime before 1900, which could now be worth an estimated £264,350. It was last sold for £244,595 in July 2021, which was around 13% above the average July 2021 terraced price in the North Norfolk local authority area. The most recent EPC inspection was August 2020, where the current energy rating was E, and the potential energy rating was B.

BOWER COTTAGE Sold Prices

Land registry data shows two sales for BOWER 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 North Norfolk local authority area for the corresponding sale date. Both of the two BOWER 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
2021 7 JUL	£244,595	£216,627	13% above HPI
2004 12 NOV	£130,000	£123,116	6% above HPI

BOWER COTTAGE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the North Norfolk local authority area over time, sourced from the HPI. The two BOWER COTTAGE sales from November 2004 and July 2021 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 6% above the HPI. So the extrapolation line tracks at 6% above the HPI over time, until the July 2021 sale, where it rises to 13% above the HPI. The line then continues to track at 13% above the HPI.

What might BOWER COTTAGE be worth now?

BOWER COTTAGE might now be worth an estimated £264,350.

This is based on house price inflation of 8.1%, between July 2021 and June 2025, for terraced houses, in the North Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 8.1% inflationary increase is applied to the most recent sale price for BOWER COTTAGE of £244,595 on 7th July 2021. For the value to have increased from £244,595 to £264,350 over the four years and one month to June 2025, the following assumptions must hold true:

• The value of BOWER COTTAGE has moved in line with the HPI for terraced houses in the North Norfolk local authority area.
• The July 2021 sale price of £244,595 represented a fair market value for the property.
• The size, condition, and specification of BOWER COTTAGE has not materially changed since July 2021.

How Large is BOWER COTTAGE?

BOWER COTTAGE is 59m², which includes one extension, according to the EPC inspection conducted in August 2020. This puts it in the smallest 10% of terraced houses houses in East Runton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in East Runton, and where BOWER COTTAGE lies on this distribution: 2% of terraced houses houses are smaller than BOWER COTTAGE, and 98% of houses are larger. Note that EPC data is not available for all properties in East Runton.

BOWER COTTAGE: Plot and Title Map

BOWER COTTAGE sits on a plot of roughly 0.032 of an acre, or 130m². The below map shows the location of BOWER 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 BOWER 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 BOWER COTTAGE?

BOWER COTTAGE is located on LOWER COMMON in EAST RUNTON, in the NR27 postcode district. The below map shows the position of BOWER COTTAGE on LOWER COMMON.