242, JEX ROAD, NORWICH, NR5 8XJ - £190,000

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

242 JEX ROAD is a very small extended detached house of 80m², built sometime between 1930 and 1949. It was last sold for £190,000 in September 2018, which was around 50% below the average September 2018 detached price in the Norwich local authority area. The most recent EPC inspection was July 2021, where the current energy rating was C, and the potential energy rating was B.

242 JEX ROAD Sold Prices

Land registry data shows three sales for 242 JEX ROAD since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Norwich local authority area for the corresponding sale date. All of the three 242 JEX ROAD 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
2018 28 SEP	£190,000	£381,139	50% below HPI
2011 28 OCT	£103,000	£257,897	60% below HPI
2004 21 JUN	£113,000	£223,721	49% below HPI

242 JEX ROAD Price Paid vs. HPI Average

The below graph shows the average detached house price in the Norwich local authority area over time, sourced from the HPI. The three 242 JEX ROAD sales between June 2004 and September 2018 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 2011 sale was for 60% below the HPI. So the extrapolation line tracks at 60% below the HPI over time, until the September 2018 sale, where it rises to 50% below the HPI. The line then continues to track at 50% below the HPI.

How Large is 242 JEX ROAD?

242 JEX ROAD is 80m², which includes one extension, according to the EPC inspection conducted in July 2021. This puts it in the smallest 20% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 242 JEX ROAD lies on this distribution: 18% of detached houses are smaller than 242 JEX ROAD, and 81% of houses are larger. Note that EPC data is not available for all properties in Norwich.

242 JEX ROAD: Plot and Title Map

242 JEX ROAD sits on a plot of roughly 0.054 of an acre, or 217m². The below map shows the location of 242 JEX ROAD, 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 242 JEX ROAD). 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 242 JEX ROAD?

242 JEX ROAD is located in NORWICH, in the NR5 postcode district. The below map shows the position of No. 242 on JEX ROAD.