RED OAKS, NORWICH ROAD, EDGEFIELD, MELTON CONSTABLE, NR24 2RL - £541,000

RED OAKS is a very small extended detached house of 83m², built sometime between 1983 and 1990. It was last sold for £541,000 in November 2021, which was around 36% above the average November 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was December 2011, where the current energy rating was D, and the potential energy rating was D.

RED OAKS Sold Prices

Land registry data shows three sales for RED OAKS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three RED OAKS 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 9 NOV	£541,000	£398,854	36% above HPI
2012 18 APR	£317,500	£229,155	39% above HPI
1995 3 JAN	£120,000	£79,173	52% above HPI

RED OAKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three RED OAKS sales between January 1995 and November 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 April 2012 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the November 2021 sale, where it falls to 36% above the HPI. The line then continues to track at 36% above the HPI.

How Large is RED OAKS?

RED OAKS is 83m², which includes one extension, according to the EPC inspection conducted in December 2011. This puts it in the smallest 10% of detached houses in Edgefield, based on EPC data. The below chart shows the distribution of detached houses by size in Edgefield, and where RED OAKS lies on this distribution: 5% of detached houses are smaller than RED OAKS, and 95% of houses are larger. Note that EPC data is not available for all properties in Edgefield.

RED OAKS: Plot and Title Map

RED OAKS sits on a plot of roughly 0.204 of an acre, or 826m². The below map shows the location of RED OAKS, 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 RED OAKS). 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 RED OAKS?

RED OAKS is located on NORWICH ROAD in EDGEFIELD, in the NR24 postcode district. The below map shows the position of RED OAKS on NORWICH ROAD.