COWPER LODGE, THOMPSONS WAY, DEREHAM, NR19 2BF - £270,000

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.

COWPER LODGE is a midsized extended detached house of 113m², built sometime between 1967 and 1975, which could now be worth an estimated £329,407. It was last sold for £270,000 in March 2019, which was around 10% below the average March 2019 detached price in the Breckland local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was B.

COWPER LODGE Sold Prices

Land registry data shows two sales for COWPER LODGE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. One of the two COWPER LODGE sales was for below the average price, whilst the other was 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
2019 29 MAR	£270,000	£301,072	10% below HPI
2015 28 MAY	£275,000	£242,030	14% above HPI

COWPER LODGE 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 two COWPER LODGE sales from May 2015 and March 2019 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 May 2015 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the March 2019 sale, where it falls to 10% below the HPI. The line then continues to track at 10% below the HPI.

What might COWPER LODGE be worth now?

COWPER LODGE might now be worth an estimated £329,407.

This is based on house price inflation of 22%, between March 2019 and March 2026, 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 22% inflationary increase is applied to the most recent sale price for COWPER LODGE of £270,000 on 29th March 2019. For the value to have increased from £270,000 to £329,407 over the seven years to March 2026, the following assumptions must hold true:

• The value of COWPER LODGE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The March 2019 sale price of £270,000 represented a fair market value for the property.
• The size, condition, and specification of COWPER LODGE has not materially changed since March 2019.

How Large is COWPER LODGE?

COWPER LODGE is 113m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 50% of detached houses houses in Dereham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Dereham, and where COWPER LODGE lies on this distribution: 52% of detached houses houses are smaller than COWPER LODGE, and 47% of houses are larger. Note that EPC data is not available for all properties in Dereham.

COWPER LODGE: Plot and Title Map

COWPER LODGE sits on a plot of roughly 0.155 of an acre, or 629m². The below map shows the location of COWPER LODGE, 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 COWPER LODGE). 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 COWPER LODGE?

COWPER LODGE is located on THOMPSONS WAY in DEREHAM, in the NR19 postcode district. The below map shows the position of COWPER LODGE on THOMPSONS WAY.