MARKET COTTAGE, LYNN ROAD, SETCHEY, KING'S LYNN, PE33 0BD - £295,000

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.

MARKET COTTAGE is a very large extended terraced house of 213m², built sometime before 1900, which could now be worth an estimated £347,969. It was last sold for £295,000 in September 2020, which was around 77% above the average September 2020 terraced price in the King's Lynn and West Norfolk local authority area. The most recent EPC inspection was December 2022, where the current energy rating was F, and the potential energy rating was C.

MARKET COTTAGE Sold Prices

Land registry data shows two sales for MARKET 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 MARKET 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
2020 11 SEP	£295,000	£166,228	77% above HPI
2002 29 NOV	£177,500	£70,500	152% above HPI

MARKET 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 MARKET COTTAGE sales from November 2002 and September 2020 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 2002 sale was for 152% above the HPI. So the extrapolation line tracks at 152% above the HPI over time, until the September 2020 sale, where it falls to 77% above the HPI. The line then continues to track at 77% above the HPI.

What might MARKET COTTAGE be worth now?

MARKET COTTAGE might now be worth an estimated £347,969.

This is based on house price inflation of 18%, between September 2020 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 18% inflationary increase is applied to the most recent sale price for MARKET COTTAGE of £295,000 on 11th September 2020. For the value to have increased from £295,000 to £347,969 over the five years and one month to August 2025, the following assumptions must hold true:

• The value of MARKET COTTAGE has moved in line with the HPI for terraced houses in the King's Lynn and West Norfolk local authority area.
• The September 2020 sale price of £295,000 represented a fair market value for the property.
• The size, condition, and specification of MARKET COTTAGE has not materially changed since September 2020.

How Large is MARKET COTTAGE?

MARKET COTTAGE is 213m², which includes two extensions, according to the EPC inspection conducted in December 2022. This puts it in the largest 20% of terraced houses houses in Setchey, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Setchey, and where MARKET COTTAGE lies on this distribution: 81% of terraced houses houses are smaller than MARKET COTTAGE, and 19% of houses are larger. Note that EPC data is not available for all properties in Setchey.

MARKET COTTAGE: Plot and Title Map

MARKET COTTAGE sits on a plot of roughly 0.117 of an acre, or 474m². The below map shows the location of MARKET 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 MARKET 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 MARKET COTTAGE?

MARKET COTTAGE is located on LYNN ROAD in SETCHEY, in the PE33 postcode district. The below map shows the position of MARKET COTTAGE on LYNN ROAD.