2, CHESTNUT AVENUE, BRADWELL, GREAT YARMOUTH, NR31 8PN - £246,000

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.

2 CHESTNUT AVENUE is a midsized detached house of 97m², built sometime between 1967 and 1975, which could now be worth an estimated £258,725. It was last sold for £246,000 in February 2022, which was around 20% below the average February 2022 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was February 2019, where the current energy rating was D, and the potential energy rating was B.

2 CHESTNUT AVENUE Sold Prices

Land registry data shows two sales for 2 CHESTNUT 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 Great Yarmouth local authority area for the corresponding sale date. Both of the two 2 CHESTNUT 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
2022 24 FEB	£246,000	£308,608	20% below HPI
2017 1 DEC	£220,000	£247,577	11% below HPI

2 CHESTNUT 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 two 2 CHESTNUT AVENUE sales from December 2017 and February 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 December 2017 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the February 2022 sale, where it falls to 20% below the HPI. The line then continues to track at 20% below the HPI.

What might 2 CHESTNUT AVENUE be worth now?

2 CHESTNUT AVENUE might now be worth an estimated £258,725.

This is based on house price inflation of 5.2%, between February 2022 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 5.2% inflationary increase is applied to the most recent sale price for 2 CHESTNUT AVENUE of £246,000 on 24th February 2022. For the value to have increased from £246,000 to £258,725 over the three years to February 2025, the following assumptions must hold true:

• The value of 2 CHESTNUT AVENUE has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The February 2022 sale price of £246,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHESTNUT AVENUE has not materially changed since February 2022.

How Large is 2 CHESTNUT AVENUE?

2 CHESTNUT AVENUE is 97m² according to the EPC inspection conducted in February 2019. This puts it in the smallest 50% of detached houses houses in Bradwell, based on EPC data. The below chart shows the distribution of detached houses houses by size in Bradwell, and where 2 CHESTNUT AVENUE lies on this distribution: 47% of detached houses houses are smaller than 2 CHESTNUT AVENUE, and 52% of houses are larger. Note that EPC data is not available for all properties in Bradwell.

2 CHESTNUT AVENUE: Plot and Title Map

2 CHESTNUT AVENUE sits on a plot of roughly 0.059 of an acre, or 238m². The below map shows the location of 2 CHESTNUT 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 2 CHESTNUT 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 2 CHESTNUT AVENUE?

2 CHESTNUT AVENUE is located in BRADWELL, in the NR31 postcode district. The below map shows the position of No. 2 on CHESTNUT AVENUE.