FOLLY COTTAGE, EAGLE ROAD, ERPINGHAM, NORWICH, NR11 7AD - £247,500

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.

FOLLY COTTAGE is a very small extended semi-detached house of 79m², built sometime between 1930 and 1949, which could now be worth an estimated £302,590. It was last sold for £247,500 in March 2018, which was around 11% above the average March 2018 semi-detached price in the North Norfolk local authority area. The most recent EPC inspection was November 2017, where the current energy rating was E, and the potential energy rating was B.

FOLLY COTTAGE Sold Prices

Land registry data shows five sales for FOLLY COTTAGE since 1^st January 1995. The below table shows the price paid for the five sales, along with the average semi-detached price in the North Norfolk local authority area for the corresponding sale date. The five FOLLY COTTAGE sales were a mix of above the average price, roughly equal to the average price, and 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 26 MAR	£247,500	£222,338	11% above HPI
2013 4 OCT	£162,000	£161,674	Close to HPI
2003 13 NOV	£145,000	£119,682	21% above HPI
2000 1 SEP	£86,000	£67,912	27% above HPI
1997 7 MAR	£36,750	£45,187	19% below HPI

FOLLY COTTAGE Price Paid vs. HPI Average

The below graph shows the average semi-detached house price in the North Norfolk local authority area over time, sourced from the HPI. The five FOLLY COTTAGE sales between March 1997 and March 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 October 2013 sale roughly matched the HPI. So the extrapolation line tracks roughly in line with the HPI over time, until the March 2018 sale, where it rises to 11% above the HPI. The line then continues to track at 11% above the HPI.

What might FOLLY COTTAGE be worth now?

FOLLY COTTAGE might now be worth an estimated £302,590.

This is based on house price inflation of 22.3%, between March 2018 and May 2026, for semi-detached 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 22.3% inflationary increase is applied to the most recent sale price for FOLLY COTTAGE of £247,500 on 26th March 2018. For the value to have increased from £247,500 to £302,590 over the seven years and ten months to May 2026, the following assumptions must hold true:

• The value of FOLLY COTTAGE has moved in line with the HPI for semi-detached houses in the North Norfolk local authority area.
• The March 2018 sale price of £247,500 represented a fair market value for the property.
• The size, condition, and specification of FOLLY COTTAGE has not materially changed since March 2018.

How Large is FOLLY COTTAGE?

FOLLY COTTAGE is 79m², which includes one extension, according to the EPC inspection conducted in November 2017. This puts it in the smallest 10% of semi-detached houses houses in Erpingham, based on EPC data. The below chart shows the distribution of semi-detached houses houses by size in Erpingham, and where FOLLY COTTAGE lies on this distribution: 3% of semi-detached houses houses are smaller than FOLLY COTTAGE, and 97% of houses are larger. Note that EPC data is not available for all properties in Erpingham.

FOLLY COTTAGE: Plot and Title Map

FOLLY COTTAGE sits on a plot of roughly 0.078 of an acre, or 316m². The below map shows the location of FOLLY 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 FOLLY 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 FOLLY COTTAGE?

FOLLY COTTAGE is located on EAGLE ROAD in ERPINGHAM, in the NR11 postcode district. The below map shows the position of FOLLY COTTAGE on EAGLE ROAD.