2, THE OAKS, NORWICH ROAD, HETHERSETT, NORWICH, NR9 3AR - £480,000

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 OAKS is a very small detached house of 76m², built sometime from 2007 onwards, which could now be worth an estimated £807,144. It was last sold for £480,000 in May 2014, which was around 83% above the average May 2014 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2010, where the current energy rating was B, and the potential energy rating was B.

2 THE OAKS Sold Prices

Land registry data shows two sales for 2 THE OAKS since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Norfolk local authority area for the corresponding sale date. Both of the two 2 THE OAKS sales were for above 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
2014 22 MAY	£480,000	£261,720	83% above HPI
2007 23 AUG	£482,500	£265,307	82% above HPI

2 THE OAKS Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Norfolk local authority area over time, sourced from the HPI. The two 2 THE OAKS sales from August 2007 and May 2014 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 2007 sale was for 82% above the HPI. So the extrapolation line tracks at 82% above the HPI over time, until the May 2014 sale, where it rises to 83% above the HPI. The line then continues to track at 83% above the HPI.

What might 2 THE OAKS be worth now?

2 THE OAKS might now be worth an estimated £807,144.

This is based on house price inflation of 68.2%, between May 2014 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 68.2% inflationary increase is applied to the most recent sale price for 2 THE OAKS of £480,000 on 22nd May 2014. For the value to have increased from £480,000 to £807,144 over the eleven years and three months to February 2025, the following assumptions must hold true:

• The value of 2 THE OAKS has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The May 2014 sale price of £480,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE OAKS has not materially changed since May 2014.

How Large is 2 THE OAKS?

2 THE OAKS is 76m² according to the EPC inspection conducted in June 2010. This puts it in the smallest 20% of detached houses houses in Hethersett, based on EPC data. The below chart shows the distribution of detached houses houses by size in Hethersett, and where 2 THE OAKS lies on this distribution: 10% of detached houses houses are smaller than 2 THE OAKS, and 90% of houses are larger. Note that EPC data is not available for all properties in Hethersett.

2 THE OAKS: Plot and Title Map

2 THE OAKS sits on a plot of roughly 0.162 of an acre, or 654m². The below map shows the location of 2 THE OAKS, 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 OAKS). 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 OAKS?

2 THE OAKS is located on NORWICH ROAD in HETHERSETT, in the NR9 postcode district. The below map shows the position of 2 THE OAKS on NORWICH ROAD.