1, THE ESPLANADE, SCRATBY, GREAT YARMOUTH, NR29 3NZ - £218,000

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 THE ESPLANADE is a small extended detached house of 80m², built sometime between 1967 and 1975. It was last sold for £218,000 in April 2016, which was around 4% below the average April 2016 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was August 2015, where the current energy rating was E, and the potential energy rating was D.

1 THE ESPLANADE Sold Prices

Land registry data shows two sales for 1 THE ESPLANADE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Great Yarmouth local authority area for the corresponding sale date. Both of the two 1 THE ESPLANADE 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
2016 6 APR	£218,000	£226,719	4% below HPI
2008 20 OCT	£110,000	£188,386	42% below HPI

1 THE ESPLANADE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The two 1 THE ESPLANADE sales from October 2008 and April 2016 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 October 2008 sale was for 42% below the HPI. So the extrapolation line tracks at 42% below the HPI over time, until the April 2016 sale, where it rises to 4% below the HPI. The line then continues to track at 4% below the HPI.

How Large is 1 THE ESPLANADE?

1 THE ESPLANADE is 80m², which includes one extension, according to the EPC inspection conducted in August 2015. This puts it in the smallest 40% of detached houses in Scratby, based on EPC data. The below chart shows the distribution of detached houses by size in Scratby, and where 1 THE ESPLANADE lies on this distribution: 30% of detached houses are smaller than 1 THE ESPLANADE, and 68% of houses are larger. Note that EPC data is not available for all properties in Scratby.

1 THE ESPLANADE: Plot and Title Map

1 THE ESPLANADE sits on a plot of roughly 0.184 of an acre, or 745m². The below map shows the location of 1 THE ESPLANADE, 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 ESPLANADE). 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 ESPLANADE?

1 THE ESPLANADE is located in SCRATBY, in the NR29 postcode district. The below map shows the position of No. 1 on THE ESPLANADE.