1, THE FIELDS, TACOLNESTON, NORWICH, NR16 1DG - £325,000

Based on the January 2025 Price Paid Data (released on 3rd March 2025), the December 2024 House Price Index (released on 19th February 2025), and the January 2025 Energy Performance of Buildings Data (released on 27th February 2025). Sources

1 THE FIELDS is a very large extended detached house of 164m², built sometime between 1967 and 1975, which could now be worth an estimated £454,017. It was last sold for £325,000 in May 2016, which was around 5% above the average May 2016 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2012, where the current energy rating was D, and the potential energy rating was B.

1 THE FIELDS Sold Prices

Land registry data shows three sales for 1 THE FIELDS 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 THE FIELDS 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
2016 16 MAY	£325,000	£308,794	5% above HPI
2007 12 SEP	£308,750	£270,003	14% above HPI
1997 17 OCT	£87,500	£82,914	6% above HPI

1 THE FIELDS 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 THE FIELDS sales between October 1997 and May 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 September 2007 sale was for 14% above the HPI. So the extrapolation line tracks at 14% above the HPI over time, until the May 2016 sale, where it falls to 5% above the HPI. The line then continues to track at 5% above the HPI.

What might 1 THE FIELDS be worth now?

1 THE FIELDS might now be worth an estimated £454,017.

This is based on house price inflation of 39.7%, between May 2016 and December 2024, 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 39.7% inflationary increase is applied to the most recent sale price for 1 THE FIELDS of £325,000 on 16th May 2016. For the value to have increased from £325,000 to £454,017 over the seven years and five months to December 2024, the following assumptions must hold true:

• The value of 1 THE FIELDS has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The May 2016 sale price of £325,000 represented a fair market value for the property.
• The size, condition, and specification of 1 THE FIELDS has not materially changed since May 2016.

How Large is 1 THE FIELDS?

1 THE FIELDS is 164m², which includes three extensions, according to the EPC inspection conducted in April 2012. This puts it in the largest 20% of detached houses houses in Tacolneston, based on EPC data. The below chart shows the distribution of detached houses houses by size in Tacolneston, and where 1 THE FIELDS lies on this distribution: 84% of detached houses houses are smaller than 1 THE FIELDS, and 16% of houses are larger. Note that EPC data is not available for all properties in Tacolneston.

1 THE FIELDS: Plot and Title Map

1 THE FIELDS sits on a plot of roughly 0.174 of an acre, or 706m². The below map shows the location of 1 THE FIELDS, 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 FIELDS). 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 FIELDS?

1 THE FIELDS is located in TACOLNESTON, in the NR16 postcode district. The below map shows the position of No. 1 on THE FIELDS.