1, NEWMARKET ROAD, CRINGLEFORD, NORWICH, NR4 6UE - £500,000

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.

1 NEWMARKET ROAD is a large extended detached house of 172m², built sometime before 1900, which could now be worth an estimated £644,048. It was last sold for £500,000 in August 2019, which was around 46% above the average August 2019 detached price in the South Norfolk local authority area. The most recent EPC inspection was September 2018, where the current energy rating was D, and the potential energy rating was B.

1 NEWMARKET ROAD Sold Prices

Land registry data shows three sales for 1 NEWMARKET ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. All of the three 1 NEWMARKET ROAD 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
2019 23 AUG	£500,000	£341,663	46% above HPI
2005 14 DEC	£374,500	£234,113	60% above HPI
1996 26 JUL	£137,000	£78,078	75% above HPI

1 NEWMARKET ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The three 1 NEWMARKET ROAD sales between July 1996 and August 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 December 2005 sale was for 60% above the HPI. So the extrapolation line tracks at 60% above the HPI over time, until the August 2019 sale, where it falls to 46% above the HPI. The line then continues to track at 46% above the HPI.

What might 1 NEWMARKET ROAD be worth now?

1 NEWMARKET ROAD might now be worth an estimated £644,048.

This is based on house price inflation of 28.8%, between August 2019 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 28.8% inflationary increase is applied to the most recent sale price for 1 NEWMARKET ROAD of £500,000 on 23rd August 2019. For the value to have increased from £500,000 to £644,048 over the six years and six months to February 2025, the following assumptions must hold true:

• The value of 1 NEWMARKET ROAD has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The August 2019 sale price of £500,000 represented a fair market value for the property.
• The size, condition, and specification of 1 NEWMARKET ROAD has not materially changed since August 2019.

How Large is 1 NEWMARKET ROAD?

1 NEWMARKET ROAD is 172m², which includes two extensions, according to the EPC inspection conducted in September 2018. This puts it in the largest 30% of detached houses houses in Cringleford, based on EPC data. The below chart shows the distribution of detached houses houses by size in Cringleford, and where 1 NEWMARKET ROAD lies on this distribution: 78% of detached houses houses are smaller than 1 NEWMARKET ROAD, and 21% of houses are larger. Note that EPC data is not available for all properties in Cringleford.

1 NEWMARKET ROAD: Plot and Title Map

1 NEWMARKET ROAD sits on a plot of roughly 1.1 acres, or 4,652m². The below map shows the location of 1 NEWMARKET ROAD, 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 1 NEWMARKET ROAD). 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 1 NEWMARKET ROAD?

1 NEWMARKET ROAD is located in CRINGLEFORD, in the NR4 postcode district. The below map shows the position of No. 1 on NEWMARKET ROAD.