1, THE OAKS, NORWICH ROAD, HETHERSETT, NORWICH, NR9 3AR - £750,000

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 OAKS is a very large extended detached house of 237m², built sometime between 2007 and 2011. It was last sold for £750,000 in April 2022, which was around 87% above the average April 2022 detached price in the South Norfolk local authority area. The most recent EPC inspection was August 2021, where the current energy rating was C, and the potential energy rating was B.

1 THE OAKS Sold Prices

Land registry data shows three sales for 1 THE OAKS 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 OAKS 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
2022 12 APR	£750,000	£401,860	87% above HPI
2009 28 AUG	£495,000	£218,466	127% above HPI
2007 30 AUG	£495,000	£257,246	92% above HPI

1 THE OAKS 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 OAKS sales between August 2007 and April 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 August 2009 sale was for 127% above the HPI. So the extrapolation line tracks at 127% above the HPI over time, until the April 2022 sale, where it falls to 87% above the HPI. The line then continues to track at 87% above the HPI.

How Large is 1 THE OAKS?

1 THE OAKS is 237m², which includes one extension, according to the EPC inspection conducted in August 2021. This puts it in the largest 10% of detached houses in Hethersett, based on EPC data. The below chart shows the distribution of detached houses by size in Hethersett, and where 1 THE OAKS lies on this distribution: 98% of detached houses are smaller than 1 THE OAKS, and 2% of houses are larger. Note that EPC data is not available for all properties in Hethersett.

1 THE OAKS: Plot and Title Map

1 THE OAKS sits on a plot of roughly 0.186 of an acre, or 754m². The below map shows the location of 1 THE OAKS, 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 OAKS). 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 OAKS?

1 THE OAKS is located on NORWICH ROAD in HETHERSETT, in the NR9 postcode district. The below map shows the position of 1 THE OAKS on NORWICH ROAD.