3, THE CEDARS, POPLAR DRIVE, WALCOTT, NORWICH, NR12 0LZ - £335,000

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

3 THE CEDARS is a very small detached house of 49m², built sometime between 1967 and 1975. It was last sold for £335,000 in September 2023, which was around 23% below the average September 2023 detached price in the North Norfolk local authority area. The most recent EPC inspection was April 2023, where the current energy rating was D, and the potential energy rating was A.

3 THE CEDARS Sold Prices

Land registry data shows three sales for 3 THE CEDARS since 1^st January 1995. The below table shows the price paid for the three sales, along with the average detached price in the North Norfolk local authority area for the corresponding sale date. All of the three 3 THE CEDARS 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 8 SEP	£335,000	£435,012	23% below HPI
2008 18 AUG	£185,495	£246,709	25% below HPI
2002 30 OCT	£127,000	£159,668	20% below HPI

3 THE CEDARS Price Paid vs. HPI Average

The below graph shows the average detached house price in the North Norfolk local authority area over time, sourced from the HPI. The three 3 THE CEDARS sales between October 2002 and September 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 2008 sale was for 25% below the HPI. So the extrapolation line tracks at 25% below the HPI over time, until the September 2023 sale, where it rises to 23% below the HPI. The line then continues to track at 23% below the HPI.

How Large is 3 THE CEDARS?

3 THE CEDARS is 49m² according to the EPC inspection conducted in April 2023. This puts it in the smallest 10% of detached houses in Walcott, based on EPC data. The below chart shows the distribution of detached houses by size in Walcott, and where 3 THE CEDARS lies on this distribution: 5% of detached houses are smaller than 3 THE CEDARS, and 95% of houses are larger. Note that EPC data is not available for all properties in Walcott.

3 THE CEDARS: Plot and Title Map

3 THE CEDARS sits on a plot of roughly 0.153 of an acre, or 620m². The below map shows the location of 3 THE CEDARS, 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 THE CEDARS). 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 THE CEDARS?

3 THE CEDARS is located on POPLAR DRIVE in WALCOTT, in the NR12 postcode district. The below map shows the position of 3 THE CEDARS on POPLAR DRIVE.