12, SOUTH RISE, NORTH WALSHAM, NR28 0EE - £180,000

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

12 SOUTH RISE is a very small detached house of 69m², built sometime between 1950 and 1966, which could now be worth an estimated £262,053. It was last sold for £180,000 in August 2015, which was around 38% below the average August 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was January 2015, where the current energy rating was D, and the potential energy rating was B.

12 SOUTH RISE Sold Prices

Land registry data shows two sales for 12 SOUTH RISE 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. Both of the two 12 SOUTH RISE 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
2015 21 AUG	£180,000	£289,099	38% below HPI
2001 26 JAN	£89,950	£115,239	22% below HPI

12 SOUTH RISE 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 12 SOUTH RISE sales from January 2001 and August 2015 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 January 2001 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the August 2015 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 12 SOUTH RISE be worth now?

12 SOUTH RISE might now be worth an estimated £262,053.

This is based on house price inflation of 45.6%, between August 2015 and December 2024, 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 45.6% inflationary increase is applied to the most recent sale price for 12 SOUTH RISE of £180,000 on 21st August 2015. For the value to have increased from £180,000 to £262,053 over the eight years and eight months to December 2024, the following assumptions must hold true:

• The value of 12 SOUTH RISE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The August 2015 sale price of £180,000 represented a fair market value for the property.
• The size, condition, and specification of 12 SOUTH RISE has not materially changed since August 2015.

How Large is 12 SOUTH RISE?

12 SOUTH RISE is 69m² according to the EPC inspection conducted in January 2015. This puts it in the smallest 20% of detached houses houses in North Walsham, based on EPC data. The below chart shows the distribution of detached houses houses by size in North Walsham, and where 12 SOUTH RISE lies on this distribution: 10% of detached houses houses are smaller than 12 SOUTH RISE, and 89% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

12 SOUTH RISE: Plot and Title Map

12 SOUTH RISE sits on a plot of roughly 0.122 of an acre, or 495m². The below map shows the location of 12 SOUTH RISE, 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 SOUTH RISE). 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 SOUTH RISE?

12 SOUTH RISE is located in NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 12 on SOUTH RISE.