2, TEASEL RISE, SHERINGHAM, NR26 8XN - £276,500

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 TEASEL RISE is a large detached house of 131m², built sometime between 1991 and 1995, which could now be worth an estimated £435,283. It was last sold for £276,500 in May 2015, which was around 1% above the average May 2015 detached price in the North Norfolk local authority area. The most recent EPC inspection was March 2013, where the current energy rating was E, and the potential energy rating was C.

2 TEASEL RISE Sold Prices

Land registry data shows four sales for 2 TEASEL RISE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. two of the four 2 TEASEL RISE sales were for above the average price, and four 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
2015 6 MAY	£276,500	£273,663	1% above HPI
2013 12 NOV	£245,000	£253,961	4% below HPI
2007 21 NOV	£260,000	£266,710	3% below HPI
1995 1 AUG	£80,000	£71,312	12% above HPI

2 TEASEL RISE 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 four 2 TEASEL RISE sales between August 1995 and May 2015 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 November 2013 sale was for 4% below the HPI. So the extrapolation line tracks at 4% below the HPI over time, until the May 2015 sale, where it rises to 1% above the HPI. The line then continues to track at 1% above the HPI.

What might 2 TEASEL RISE be worth now?

2 TEASEL RISE might now be worth an estimated £435,283.

This is based on house price inflation of 57.4%, between May 2015 and February 2025, 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 57.4% inflationary increase is applied to the most recent sale price for 2 TEASEL RISE of £276,500 on 6th May 2015. For the value to have increased from £276,500 to £435,283 over the ten years and three months to February 2025, the following assumptions must hold true:

• The value of 2 TEASEL RISE has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The May 2015 sale price of £276,500 represented a fair market value for the property.
• The size, condition, and specification of 2 TEASEL RISE has not materially changed since May 2015.

How Large is 2 TEASEL RISE?

2 TEASEL RISE is 131m² according to the EPC inspection conducted in March 2013. This puts it in the largest 40% of detached houses houses in Sheringham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Sheringham, and where 2 TEASEL RISE lies on this distribution: 63% of detached houses houses are smaller than 2 TEASEL RISE, and 36% of houses are larger. Note that EPC data is not available for all properties in Sheringham.

2 TEASEL RISE: Plot and Title Map

2 TEASEL RISE sits on a plot of roughly 0.065 of an acre, or 264m². The below map shows the location of 2 TEASEL RISE, 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 TEASEL RISE). 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 TEASEL RISE?

2 TEASEL RISE is located in SHERINGHAM, in the NR26 postcode district. The below map shows the position of No. 2 on TEASEL RISE.