2, CHESTNUT AVENUE, NORTH WALSHAM, NR28 9XH - £235,000

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

2 CHESTNUT AVENUE is a very small detached house of 74m², built sometime between 1991 and 1995, which could now be worth an estimated £260,502. It was last sold for £235,000 in January 2021, which was around 38% below the average January 2021 detached price in the North Norfolk local authority area. The most recent EPC inspection was October 2020, 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 North Norfolk 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
2021 29 JAN	£235,000	£379,682	38% below HPI
2006 27 JUL	£155,000	£231,394	33% below HPI

2 CHESTNUT AVENUE 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 2 CHESTNUT AVENUE sales from July 2006 and January 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 2006 sale was for 33% below the HPI. So the extrapolation line tracks at 33% below the HPI over time, until the January 2021 sale, where it falls to 38% below the HPI. The line then continues to track at 38% below the HPI.

What might 2 CHESTNUT AVENUE be worth now?

2 CHESTNUT AVENUE might now be worth an estimated £260,502.

This is based on house price inflation of 10.9%, between January 2021 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 10.9% inflationary increase is applied to the most recent sale price for 2 CHESTNUT AVENUE of £235,000 on 29th January 2021. For the value to have increased from £235,000 to £260,502 over the two years and one month to December 2024, the following assumptions must hold true:

• The value of 2 CHESTNUT AVENUE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The January 2021 sale price of £235,000 represented a fair market value for the property.
• The size, condition, and specification of 2 CHESTNUT AVENUE has not materially changed since January 2021.

How Large is 2 CHESTNUT AVENUE?

2 CHESTNUT AVENUE is 74m² according to the EPC inspection conducted in October 2020. 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 2 CHESTNUT AVENUE lies on this distribution: 16% of detached houses houses are smaller than 2 CHESTNUT AVENUE, and 83% of houses are larger. Note that EPC data is not available for all properties in North Walsham.

2 CHESTNUT AVENUE: Plot and Title Map

2 CHESTNUT AVENUE sits on a plot of roughly 0.114 of an acre, or 460m². 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 NORTH WALSHAM, in the NR28 postcode district. The below map shows the position of No. 2 on CHESTNUT AVENUE.