2, THE CEDARS, POPLAR DRIVE, WALCOTT, NORWICH, NR12 0LZ - £287,500

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 THE CEDARS is a small detached house of 71m², built sometime between 1996 and 2002, which could now be worth an estimated £320,768. It was last sold for £287,500 in December 2020, which was around 26% below the average December 2020 detached price in the North Norfolk local authority area. The most recent EPC inspection was August 2011, where the current energy rating was D, and the potential energy rating was C.

2 THE CEDARS Sold Prices

Land registry data shows three sales for 2 THE CEDARS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three 2 THE CEDARS 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
2020 10 DEC	£287,500	£386,136	26% below HPI
2012 28 AUG	£185,000	£236,920	22% below HPI
2002 26 JUL	£87,000	£157,701	45% below HPI

2 THE CEDARS 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 three 2 THE CEDARS sales between July 2002 and December 2020 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 August 2012 sale was for 22% below the HPI. So the extrapolation line tracks at 22% below the HPI over time, until the December 2020 sale, where it falls to 26% below the HPI. The line then continues to track at 26% below the HPI.

What might 2 THE CEDARS be worth now?

2 THE CEDARS might now be worth an estimated £320,768.

This is based on house price inflation of 11.6%, between December 2020 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 11.6% inflationary increase is applied to the most recent sale price for 2 THE CEDARS of £287,500 on 10th December 2020. For the value to have increased from £287,500 to £320,768 over the five years and ten months to February 2025, the following assumptions must hold true:

• The value of 2 THE CEDARS has moved in line with the HPI for detached houses in the North Norfolk local authority area.
• The December 2020 sale price of £287,500 represented a fair market value for the property.
• The size, condition, and specification of 2 THE CEDARS has not materially changed since December 2020.

How Large is 2 THE CEDARS?

2 THE CEDARS is 71m² according to the EPC inspection conducted in August 2011. This puts it in the smallest 40% of detached houses houses in Walcott, based on EPC data. The below chart shows the distribution of detached houses houses by size in Walcott, and where 2 THE CEDARS lies on this distribution: 37% of detached houses houses are smaller than 2 THE CEDARS, and 63% of houses are larger. Note that EPC data is not available for all properties in Walcott.

2 THE CEDARS: Plot and Title Map

2 THE CEDARS sits on a plot of roughly 0.110 of an acre, or 445m². The below map shows the location of 2 THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

2 THE CEDARS is located on POPLAR DRIVE in WALCOTT, in the NR12 postcode district. The below map shows the position of 2 THE CEDARS on POPLAR DRIVE.