1, THE AVENUE, HORNING, NORWICH, NR12 8LR - £333,000

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 THE AVENUE is a small extended detached house of 110m², built sometime between 1950 and 1966, which could now be worth an estimated £449,489. It was last sold for £333,000 in June 2017, which was around 4% above the average June 2017 detached price in the North Norfolk local authority area. The most recent EPC inspection was June 2014, where the current energy rating was D, and the potential energy rating was B.

1 THE AVENUE Sold Prices

Land registry data shows two sales for 1 THE AVENUE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. One of the two 1 THE AVENUE sales was for above the average price, whilst the other was 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
2017 23 JUN	£333,000	£319,167	4% above HPI
1999 5 AUG	£85,000	£90,783	6% below HPI

1 THE AVENUE 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 two 1 THE AVENUE sales from August 1999 and June 2017 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 August 1999 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the June 2017 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 1 THE AVENUE be worth now?

1 THE AVENUE might now be worth an estimated £449,489.

This is based on house price inflation of 35%, between June 2017 and February 2025, for 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 35% inflationary increase is applied to the most recent sale price for 1 THE AVENUE of £333,000 on 23rd June 2017. For the value to have increased from £333,000 to £449,489 over the eight years and four months to February 2025, the following assumptions must hold true:

• The value of 1 THE AVENUE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The June 2017 sale price of £333,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE AVENUE has not materially changed since June 2017.

How Large is 1 THE AVENUE?

1 THE AVENUE is 110m², which includes one extension, according to the EPC inspection conducted in June 2014. This puts it in the smallest 40% of detached houses houses in Horning, based on EPC data. The below chart shows the distribution of detached houses houses by size in Horning, and where 1 THE AVENUE lies on this distribution: 39% of detached houses houses are smaller than 1 THE AVENUE, and 60% of houses are larger. Note that EPC data is not available for all properties in Horning.

1 THE AVENUE: Plot and Title Map

1 THE AVENUE sits on a plot of roughly 0.255 of an acre, or 1,031m². The below map shows the location of 1 THE AVENUE, 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 THE AVENUE). 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 THE AVENUE?

1 THE AVENUE is located in HORNING, in the NR12 postcode district. The below map shows the position of No. 1 on THE AVENUE.