2, RICHMOND PLACE, LYNG, NORWICH, NR9 5RF - £417,575

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 RICHMOND PLACE is a large detached house of 117m², which could now be worth an estimated £423,194. It was last sold for £417,575 in March 2022, which was around 15% above the average March 2022 detached price in the Breckland local authority area. The most recent EPC inspection was September 2018, where the current energy rating was B, and the potential energy rating was A.

2 RICHMOND PLACE Sold Prices

Land registry data shows three sales for 2 RICHMOND PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. Two of the three 2 RICHMOND PLACE sales were for above the average price, whilst one was 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 11 MAR	£417,575	£363,017	15% above HPI
2019 22 FEB	£335,000	£302,750	11% above HPI
2017 4 SEP	£125,000	£294,186	58% below HPI

2 RICHMOND PLACE 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 three 2 RICHMOND PLACE sales between September 2017 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 February 2019 sale was for 11% above the HPI. So the extrapolation line tracks at 11% above the HPI over time, until the March 2022 sale, where it rises to 15% above the HPI. The line then continues to track at 15% above the HPI.

What might 2 RICHMOND PLACE be worth now?

2 RICHMOND PLACE might now be worth an estimated £423,194.

This is based on house price inflation of 1.3%, between March 2022 and December 2024, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.3% inflationary increase is applied to the most recent sale price for 2 RICHMOND PLACE of £417,575 on 11th March 2022. For the value to have increased from £417,575 to £423,194 over the one year and three months to December 2024, the following assumptions must hold true:

• The value of 2 RICHMOND PLACE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The March 2022 sale price of £417,575 represented a fair market value for the property.
• The size, condition, and specification of 2 RICHMOND PLACE has not materially changed since March 2022.

How Large is 2 RICHMOND PLACE?

2 RICHMOND PLACE is 117m² according to the EPC inspection conducted in September 2018. This puts it in the largest 40% of detached houses houses in Lyng, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lyng, and where 2 RICHMOND PLACE lies on this distribution: 65% of detached houses houses are smaller than 2 RICHMOND PLACE, and 35% of houses are larger. Note that EPC data is not available for all properties in Lyng.

2 RICHMOND PLACE: Plot and Title Map

2 RICHMOND PLACE sits on a plot of roughly 0.107 of an acre, or 431m². The below map shows the location of 2 RICHMOND PLACE, 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 RICHMOND PLACE). 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 RICHMOND PLACE?

2 RICHMOND PLACE is located in LYNG, in the NR9 postcode district. The below map shows the position of No. 2 on RICHMOND PLACE.