131A, NORWICH ROAD, WATTON, THETFORD, IP25 6HW - £196,000

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

131A NORWICH ROAD is a very small extended detached house of 51m², built sometime between 1950 and 1966. It was last sold for £196,000 in March 2022, which was around 46% below the average March 2022 detached price in the Breckland local authority area. The most recent EPC inspection was March 2014, where the current energy rating was D, and the potential energy rating was B.

131A NORWICH ROAD Sold Prices

Land registry data shows four sales for 131A NORWICH ROAD since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the four 131A NORWICH ROAD 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
2022 18 MAR	£196,000	£360,213	46% below HPI
2014 22 SEP	£134,950	£235,653	43% below HPI
2004 8 APR	£105,000	£182,156	42% below HPI
2003 25 APR	£97,500	£162,625	40% below HPI

131A NORWICH ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The four 131A NORWICH ROAD sales between April 2003 and March 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 September 2014 sale was for 43% below the HPI. So the extrapolation line tracks at 43% below the HPI over time, until the March 2022 sale, where it falls to 46% below the HPI. The line then continues to track at 46% below the HPI.

How Large is 131A NORWICH ROAD?

131A NORWICH ROAD is 51m², which includes one extension, according to the EPC inspection conducted in March 2014. This puts it in the smallest 10% of detached houses in Watton, based on EPC data. The below chart shows the distribution of detached houses by size in Watton, and where 131A NORWICH ROAD lies on this distribution: 1% of detached houses are smaller than 131A NORWICH ROAD, and 99% of houses are larger. Note that EPC data is not available for all properties in Watton.

131A NORWICH ROAD: Plot and Title Map

131A NORWICH ROAD sits on a plot of roughly 0.093 of an acre, or 375m². The below map shows the location of 131A NORWICH ROAD, 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 131A NORWICH ROAD). 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 131A NORWICH ROAD?

131A NORWICH ROAD is located in WATTON, in the IP25 postcode district. The below map shows the position of No. 131A on NORWICH ROAD.