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

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

15 CHERRY TREE AVENUE is a very small detached house of 73m², built sometime between 2003 and 2006. It was last sold for £265,000 in December 2021, which was around 14% 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	£307,659	14% below HPI
2019 23 JUL	£240,000	£259,565	8% below HPI
2011 6 JUN	£173,500	£182,054	5% below HPI
2003 16 MAY	£109,000	£147,595	26% 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 8% below the HPI. So the extrapolation line tracks at 8% below the HPI over time, until the December 2021 sale, where it falls to 14% below the HPI. The line then continues to track at 14% below the HPI.

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 in Martham, based on EPC data. The below chart shows the distribution of detached houses by size in Martham, and where 15 CHERRY TREE AVENUE lies on this distribution: 17% of detached houses are smaller than 15 CHERRY TREE AVENUE, and 82% 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.