12, MARGETSON AVENUE, NORWICH, NR7 0DG - £205,000

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

12 MARGETSON AVENUE is a very small detached house of 79m², built sometime between 1930 and 1949. It was last sold for £205,000 in July 2013, which was around 17% below the average July 2013 detached price in the Broadland local authority area. The most recent EPC inspection was April 2013, where the current energy rating was E, and the potential energy rating was B.

12 MARGETSON AVENUE Sold Prices

Land registry data shows two sales for 12 MARGETSON 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 Broadland local authority area for the corresponding sale date. Both of the two 12 MARGETSON AVENUE 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
2013 19 JUL	£205,000	£247,702	17% below HPI
2003 22 AUG	£160,000	£194,271	18% below HPI

12 MARGETSON AVENUE 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 two 12 MARGETSON AVENUE sales from August 2003 and July 2013 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 2003 sale was for 18% below the HPI. So the extrapolation line tracks at 18% below the HPI over time, until the July 2013 sale, where it rises to 17% below the HPI. The line then continues to track at 17% below the HPI.

How Large is 12 MARGETSON AVENUE?

12 MARGETSON AVENUE is 79m² according to the EPC inspection conducted in April 2013. 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 12 MARGETSON AVENUE lies on this distribution: 17% of detached houses are smaller than 12 MARGETSON AVENUE, and 82% of houses are larger. Note that EPC data is not available for all properties in Norwich.

12 MARGETSON AVENUE: Plot and Title Map

12 MARGETSON AVENUE sits on a plot of roughly 0.164 of an acre, or 664m². The below map shows the location of 12 MARGETSON 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 12 MARGETSON 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 12 MARGETSON AVENUE?

12 MARGETSON AVENUE is located in NORWICH, in the NR7 postcode district. The below map shows the position of No. 12 on MARGETSON AVENUE.