1, PINE ROAD, NORWICH, NR7 9LE - £275,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

1 PINE ROAD is a small extended detached house of 82m², built sometime between 1950 and 1966. It was last sold for £275,000 in March 2022, which was around 32% below the average March 2022 detached price in the Broadland local authority area. The most recent EPC inspection was May 2023, where the current energy rating was D, and the potential energy rating was B.

1 PINE ROAD Sold Prices

Land registry data shows three sales for 1 PINE 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 Broadland local authority area for the corresponding sale date. All of the three 1 PINE ROAD sales were for 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
2022 10 MAR	£275,000	£405,618	32% below HPI
2013 25 JAN	£193,000	£238,559	19% below HPI
2007 20 DEC	£151,500	£251,770	40% below HPI

1 PINE ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Broadland local authority area over time, sourced from the HPI. The three 1 PINE ROAD sales between December 2007 and March 2022 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 January 2013 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the March 2022 sale, where it falls to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 1 PINE ROAD?

1 PINE ROAD is 82m², which includes one extension, according to the EPC inspection conducted in May 2023. This puts it in the smallest 20% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 1 PINE ROAD lies on this distribution: 20% of detached houses are smaller than 1 PINE ROAD, and 79% of houses are larger. Note that EPC data is not available for all properties in Norwich.

1 PINE ROAD: Plot and Title Map

1 PINE ROAD sits on a plot of roughly 0.085 of an acre, or 345m². The below map shows the location of 1 PINE 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 PINE 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 PINE ROAD?

1 PINE ROAD is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 1 on PINE ROAD.