2, THE OLD SMITHY, MAIN ROAD, FILBY, GREAT YARMOUTH, NR29 3HS - £298,000

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 THE OLD SMITHY is a large extended detached house of 216m², built sometime between 1996 and 2002, which could now be worth an estimated £461,857. It was last sold for £298,000 in October 2015, which was around 39% above the average October 2015 detached price in the Great Yarmouth local authority area. The most recent EPC inspection was May 2014, where the current energy rating was D, and the potential energy rating was C.

2 THE OLD SMITHY Sold Prices

Land registry data shows three sales for 2 THE OLD SMITHY since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Great Yarmouth local authority area for the corresponding sale date. All of the three 2 THE OLD SMITHY 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
2015 9 OCT	£298,000	£214,194	39% above HPI
2005 21 NOV	£249,995	£180,280	39% above HPI
2001 12 DEC	£185,000	£105,679	75% above HPI

2 THE OLD SMITHY 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 three 2 THE OLD SMITHY sales between December 2001 and October 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 2005 sale was for 39% above the HPI. So the extrapolation line tracks at 39% above the HPI over time, until the October 2015 sale, which was also at 39% above the HPI.

What might 2 THE OLD SMITHY be worth now?

2 THE OLD SMITHY might now be worth an estimated £461,857.

This is based on house price inflation of 55%, between October 2015 and December 2024, for detached houses, in the Great Yarmouth local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 55% inflationary increase is applied to the most recent sale price for 2 THE OLD SMITHY of £298,000 on 9th October 2015. For the value to have increased from £298,000 to £461,857 over the eight years and ten months to December 2024, the following assumptions must hold true:

• The value of 2 THE OLD SMITHY has moved in line with the HPI for detached houses in the Great Yarmouth local authority area.
• The October 2015 sale price of £298,000 represented a fair market value for the property.
• The size, condition, and specification of 2 THE OLD SMITHY has not materially changed since October 2015.

How Large is 2 THE OLD SMITHY?

2 THE OLD SMITHY is 216m², which includes one extension, according to the EPC inspection conducted in May 2014. This puts it in the largest 20% of detached houses houses in Filby, based on EPC data. The below chart shows the distribution of detached houses houses by size in Filby, and where 2 THE OLD SMITHY lies on this distribution: 80% of detached houses houses are smaller than 2 THE OLD SMITHY, and 19% of houses are larger. Note that EPC data is not available for all properties in Filby.

2 THE OLD SMITHY: Plot and Title Map

2 THE OLD SMITHY sits on a plot of roughly 0.189 of an acre, or 764m². The below map shows the location of 2 THE OLD SMITHY, 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 OLD SMITHY). 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 OLD SMITHY?

2 THE OLD SMITHY is located on MAIN ROAD in FILBY, in the NR29 postcode district. The below map shows the position of 2 THE OLD SMITHY on MAIN ROAD.