25, RICHMOND PLACE, LYNG, NORWICH, NR9 5RF - £335,000

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

25 RICHMOND PLACE is a large extended detached house of 120m², built sometime between 1976 and 1982, which could now be worth an estimated £348,536. It was last sold for £335,000 in August 2024, which was around 5% below the average August 2024 detached price in the Breckland local authority area. The most recent EPC inspection was November 2023, where the current energy rating was D, and the potential energy rating was A.

25 RICHMOND PLACE Sold Prices

Land registry data shows three sales for 25 RICHMOND PLACE since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the three 25 RICHMOND PLACE 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
2024 2 AUG	£335,000	£353,614	5% below HPI
2000 6 NOV	£87,500	£107,570	19% below HPI
1997 19 NOV	£60,000	£75,553	21% below HPI

25 RICHMOND PLACE Price Paid vs. HPI Average

The below graph shows the average detached house price in the Breckland local authority area over time, sourced from the HPI. The three 25 RICHMOND PLACE sales between November 1997 and August 2024 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 2000 sale was for 19% below the HPI. So the extrapolation line tracks at 19% below the HPI over time, until the August 2024 sale, where it rises to 5% below the HPI. The line then continues to track at 5% below the HPI.

What might 25 RICHMOND PLACE be worth now?

25 RICHMOND PLACE might now be worth an estimated £348,536.

This is based on house price inflation of 4%, between August 2024 and December 2024, for detached houses, in the Breckland local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 4% inflationary increase is applied to the most recent sale price for 25 RICHMOND PLACE of £335,000 on 2nd August 2024. For the value to have increased from £335,000 to £348,536 over the eight months to December 2024, the following assumptions must hold true:

• The value of 25 RICHMOND PLACE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The August 2024 sale price of £335,000 represented a fair market value for the property.
• The size, condition, and specification of 25 RICHMOND PLACE has not materially changed since August 2024.

How Large is 25 RICHMOND PLACE?

25 RICHMOND PLACE is 120m², which includes one extension, according to the EPC inspection conducted in November 2023. This puts it in the largest 40% of detached houses houses in Lyng, based on EPC data. The below chart shows the distribution of detached houses houses by size in Lyng, and where 25 RICHMOND PLACE lies on this distribution: 67% of detached houses houses are smaller than 25 RICHMOND PLACE, and 33% of houses are larger. Note that EPC data is not available for all properties in Lyng.

25 RICHMOND PLACE: Plot and Title Map

25 RICHMOND PLACE sits on a plot of roughly 0.194 of an acre, or 786m². The below map shows the location of 25 RICHMOND PLACE, 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 25 RICHMOND PLACE). 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 25 RICHMOND PLACE?

25 RICHMOND PLACE is located in LYNG, in the NR9 postcode district. The below map shows the position of No. 25 on RICHMOND PLACE.