284, DEREHAM ROAD, NEW COSTESSEY, NORWICH, NR5 0SL - £290,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

284 DEREHAM ROAD is a small extended semi-detached house of 91m², built sometime between 1930 and 1949. It was last sold for £290,000 in January 2023, which was around 32% below the average January 2023 detached price in the South Norfolk local authority area. The most recent EPC inspection was June 2022, where the current energy rating was D, and the potential energy rating was B.

284 DEREHAM ROAD Sold Prices

Land registry data shows three sales for 284 DEREHAM 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 South Norfolk local authority area for the corresponding sale date. All of the three 284 DEREHAM 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
2023 20 JAN	£290,000	£425,576	32% below HPI
2016 4 AUG	£186,000	£306,787	39% below HPI
2004 8 OCT	£136,000	£225,527	40% below HPI

284 DEREHAM ROAD 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 three 284 DEREHAM ROAD sales between October 2004 and January 2023 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 2016 sale was for 39% below the HPI. So the extrapolation line tracks at 39% below the HPI over time, until the January 2023 sale, where it rises to 32% below the HPI. The line then continues to track at 32% below the HPI.

How Large is 284 DEREHAM ROAD?

284 DEREHAM ROAD is 91m², which includes one extension, according to the EPC inspection conducted in June 2022. This puts it in the smallest 40% of detached houses in Norwich, based on EPC data. The below chart shows the distribution of detached houses by size in Norwich, and where 284 DEREHAM ROAD lies on this distribution: 31% of detached houses are smaller than 284 DEREHAM ROAD, and 68% of houses are larger. Note that EPC data is not available for all properties in Norwich.

284 DEREHAM ROAD: Plot and Title Map

284 DEREHAM ROAD sits on a plot of roughly 0.082 of an acre, or 333m². The below map shows the location of 284 DEREHAM 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 284 DEREHAM 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 284 DEREHAM ROAD?

284 DEREHAM ROAD is located in NEW COSTESSEY, in the NR5 postcode district. The below map shows the position of No. 284 on DEREHAM ROAD.