2, RISING WAY, MARTHAM, GREAT YARMOUTH, NR29 4RN - £130,000

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

2 RISING WAY is a very small detached house of 60m², built sometime between 1967 and 1975. It was last sold for £130,000 in April 2007, which was around 36% below the average April 2007 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was March 2017, where the current energy rating was C, and the potential energy rating was B.

2 RISING WAY Sold Prices

Land registry data shows two sales for 2 RISING WAY 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 RISING WAY 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
2007 20 APR	£130,000	£203,211	36% below HPI
2002 24 OCT	£55,000	£135,167	59% below HPI

2 RISING WAY 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 RISING WAY sales from October 2002 and April 2007 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 October 2002 sale was for 59% below the HPI. So the extrapolation line tracks at 59% below the HPI over time, until the April 2007 sale, where it rises to 36% below the HPI. The line then continues to track at 36% below the HPI.

How Large is 2 RISING WAY?

2 RISING WAY is 60m² according to the EPC inspection conducted in March 2017. This puts it in the smallest 10% of detached houses in Martham, based on EPC data. The below chart shows the distribution of detached houses by size in Martham, and where 2 RISING WAY lies on this distribution: 5% of detached houses are smaller than 2 RISING WAY, and 94% of houses are larger. Note that EPC data is not available for all properties in Martham.

2 RISING WAY: Plot and Title Map

2 RISING WAY sits on a plot of roughly 0.086 of an acre, or 348m². The below map shows the location of 2 RISING WAY, 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 RISING WAY). 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 RISING WAY?

2 RISING WAY is located in MARTHAM, in the NR29 postcode district. The below map shows the position of No. 2 on RISING WAY.