3, HIGH BANKS, WYMONDHAM, NR18 0UZ - £285,000

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

3 HIGH BANKS is a midsized detached house of 100m², built sometime between 1996 and 2002, which could now be worth an estimated £363,900. It was last sold for £285,000 in June 2018, which was around 17% below the average June 2018 detached price in the South Norfolk local authority area. The most recent EPC inspection was April 2010, where the current energy rating was D, and the potential energy rating was C.

3 HIGH BANKS Sold Prices

Land registry data shows three sales for 3 HIGH BANKS 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 3 HIGH BANKS 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 12 JUN	£285,000	£344,675	17% below HPI
2014 21 FEB	£235,000	£264,194	11% below HPI
1998 20 NOV	£72,950	£92,083	21% below HPI

3 HIGH BANKS 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 3 HIGH BANKS sales between November 1998 and June 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 February 2014 sale was for 11% below the HPI. So the extrapolation line tracks at 11% below the HPI over time, until the June 2018 sale, where it falls to 17% below the HPI. The line then continues to track at 17% below the HPI.

What might 3 HIGH BANKS be worth now?

3 HIGH BANKS might now be worth an estimated £363,900.

This is based on house price inflation of 27.7%, between June 2018 and February 2025, for detached houses, in the South Norfolk local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.7% inflationary increase is applied to the most recent sale price for 3 HIGH BANKS of £285,000 on 12th June 2018. For the value to have increased from £285,000 to £363,900 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of 3 HIGH BANKS has moved in line with the HPI for detached houses in the South Norfolk local authority area.
• The June 2018 sale price of £285,000 represented a fair market value for the property.
• The size, condition, and specification of 3 HIGH BANKS has not materially changed since June 2018.

How Large is 3 HIGH BANKS?

3 HIGH BANKS is 100m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 50% of detached houses houses in Wymondham, based on EPC data. The below chart shows the distribution of detached houses houses by size in Wymondham, and where 3 HIGH BANKS lies on this distribution: 43% of detached houses houses are smaller than 3 HIGH BANKS, and 57% of houses are larger. Note that EPC data is not available for all properties in Wymondham.

3 HIGH BANKS: Plot and Title Map

3 HIGH BANKS sits on a plot of roughly 0.089 of an acre, or 359m². The below map shows the location of 3 HIGH BANKS, 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 3 HIGH BANKS). 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 3 HIGH BANKS?

3 HIGH BANKS is located in WYMONDHAM, in the NR18 postcode district. The below map shows the position of No. 3 on HIGH BANKS.