15, CHERRY TREE AVENUE, MARTHAM, GREAT YARMOUTH, NR29 4QP - £265,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

15 CHERRY TREE AVENUE is a very small detached house of 73m², built sometime between 2003 and 2006, which could now be worth an estimated £282,494. It was last sold for £265,000 in December 2021, which was around 13% below the average December 2021 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was October 2021, where the current energy rating was C, and the potential energy rating was B.

15 CHERRY TREE AVENUE Sold Prices

Land registry data shows four sales for 15 CHERRY TREE AVENUE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Great Yarmouth local authority area for the corresponding sale date. All of the four 15 CHERRY TREE 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
2021 20 DEC	£265,000	£304,471	13% below HPI
2019 23 JUL	£240,000	£256,876	7% below HPI
2011 6 JUN	£173,500	£180,168	4% below HPI
2003 16 MAY	£109,000	£146,065	25% below HPI

15 CHERRY TREE AVENUE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Great Yarmouth local authority area over time, sourced from the HPI. The four 15 CHERRY TREE AVENUE sales between May 2003 and December 2021 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 July 2019 sale was for 7% below the HPI. So the extrapolation line tracks at 7% below the HPI over time, until the December 2021 sale, where it falls to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 15 CHERRY TREE AVENUE be worth now?

15 CHERRY TREE AVENUE might now be worth an estimated £282,494.

This is based on house price inflation of 6.6%, between December 2021 and February 2025, for detached houses, in the Great Yarmouth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 6.6% inflationary increase is applied to the most recent sale price for 15 CHERRY TREE AVENUE of £265,000 on 20th December 2021. For the value to have increased from £265,000 to £282,494 over the four years and ten months to February 2025, the following assumptions must hold true:

• The value of 15 CHERRY TREE AVENUE has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The December 2021 sale price of £265,000 represented a fair market value for the property.
• The size, condition, and specification of 15 CHERRY TREE AVENUE has not materially changed since December 2021.

How Large is 15 CHERRY TREE AVENUE?

15 CHERRY TREE AVENUE is 73m² according to the EPC inspection conducted in October 2021. This puts it in the smallest 20% of detached houses houses in Martham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Martham, and where 15 CHERRY TREE AVENUE lies on this distribution: 16% of detached houses houses are smaller than 15 CHERRY TREE AVENUE, and 83% of houses are larger. Note that EPC data is not available for all properties in Martham.

15 CHERRY TREE AVENUE: Plot and Title Map

15 CHERRY TREE AVENUE sits on a plot of roughly 0.060 of an acre, or 244m². The below map shows the location of 15 CHERRY TREE 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 15 CHERRY TREE 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 15 CHERRY TREE AVENUE?

15 CHERRY TREE AVENUE is located in MARTHAM, in the NR29 postcode district. The below map shows the position of No. 15 on CHERRY TREE AVENUE.