27, RICHMOND PLACE, LYNG, NORWICH, NR9 5RF - £182,500

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

27 RICHMOND PLACE is a very small detached house of 75m², built in 1900, which could now be worth an estimated £320,751. It was last sold for £182,500 in November 2010, which was around 13% below the average November 2010 detached price in the Breckland local authority area. The most recent EPC inspection was August 2022, where the current energy rating was E, and the potential energy rating was B.

27 RICHMOND PLACE Sold Prices

Land registry data shows four sales for 27 RICHMOND PLACE since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Breckland local authority area for the corresponding sale date. All of the four 27 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
2010 5 NOV	£182,500	£209,328	13% below HPI
2001 5 OCT	£86,500	£126,644	32% below HPI
1996 31 JAN	£47,300	£63,568	26% below HPI
1995 20 APR	£26,750	£65,262	59% below HPI

27 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 four 27 RICHMOND PLACE sales between April 1995 and November 2010 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 2001 sale was for 32% below the HPI. So the extrapolation line tracks at 32% below the HPI over time, until the November 2010 sale, where it rises to 13% below the HPI. The line then continues to track at 13% below the HPI.

What might 27 RICHMOND PLACE be worth now?

27 RICHMOND PLACE might now be worth an estimated £320,751.

This is based on house price inflation of 75.8%, between November 2010 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 75.8% inflationary increase is applied to the most recent sale price for 27 RICHMOND PLACE of £182,500 on 5th November 2010. For the value to have increased from £182,500 to £320,751 over the thirteen years and eleven months to December 2024, the following assumptions must hold true:

• The value of 27 RICHMOND PLACE has moved in line with the HPI for detached houses in the Breckland local authority area.
• The November 2010 sale price of £182,500 represented a fair market value for the property.
• The size, condition, and specification of 27 RICHMOND PLACE has not materially changed since November 2010.

How Large is 27 RICHMOND PLACE?

27 RICHMOND PLACE is 75m² according to the EPC inspection conducted in August 2022. This puts it in the smallest 20% 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 27 RICHMOND PLACE lies on this distribution: 19% of detached houses houses are smaller than 27 RICHMOND PLACE, and 81% of houses are larger. Note that EPC data is not available for all properties in Lyng.

27 RICHMOND PLACE: Plot and Title Map

27 RICHMOND PLACE sits on a plot of roughly 0.092 of an acre, or 374m². The below map shows the location of 27 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 27 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 27 RICHMOND PLACE?

27 RICHMOND PLACE is located in LYNG, in the NR9 postcode district. The below map shows the position of No. 27 on RICHMOND PLACE.